AI Earnings Predictions for Snap Inc. (SNAP)

EX-99.1

2 snap-20260803xexx991pressr.htm

EX-99.1

Document

Exhibit 99.1

Snap Inc. Announces Second Quarter 2026 Financial Results

Second quarter revenue increased 19% year-over-year to $1,599 million

Second quarter operating cash flow was $176 million and Free Cash Flow was $121 million

Second quarter net loss of $164 million and Adjusted EBITDA of $250 million

SANTA MONICA, Calif. – August 3, 2026 – Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2026.

“Q2 reflects the progress we are making to strengthen our core business and build a more durable financial foundation for Snap,” said Evan Spiegel, co-founder and CEO. “We grew revenue by 19%, expanded margins, and generated positive free cash flow while improving advertising performance and rapidly growing our direct revenue business. We remain focused on serving our 971 million monthly active users, delivering measurable value for advertisers, and investing with discipline to increase free cash flow per share over time.”

Q2 2026 Financial Summary

•Revenue was $1,599 million, compared to $1,345 million in the prior year, an increase of 19% year-over-year.

•Net loss was $164 million, compared to $263 million in the prior year.

•Adjusted EBITDA was $250 million, compared to $41 million in the prior year.

•Operating cash flow was $176 million, compared to $88 million in the prior year.

•Free Cash Flow was $121 million, compared to $24 million in the prior year.

•Common shares outstanding was 1,682 million as of June 30, 2026, compared to 1,682 million as of June 30, 2025.

Three Months Ended

June 30, Percent Change Six Months Ended

June 30, Percent Change

2026202520262025

(Unaudited) (dollars in thousands, except per share amounts)

Revenue$1,598,993 $1,344,930 19 %$3,127,784 $2,708,147 15 %

Operating loss$(170,721)$(259,676)34 %$(245,170)$(453,522)46 %

Net loss$(163,960)$(262,570)38 %$(252,911)$(402,157)37 %

Adjusted EBITDA (1) $249,615 $41,270 505 %$482,948 $149,695 223 %

Net cash provided by operating activities$176,214 $88,494 99 %$502,993 $240,104 109 %

Free Cash Flow (2) $120,538 $23,793 407 %$406,545 $138,189 194 %

Diluted net loss per share attributable to common stockholders$(0.10)$(0.16)38 %$(0.15)$(0.24)38 %

(1)See page 8 for a reconciliation of net loss to Adjusted EBITDA. Total restructuring charges included in our consolidated statement of operations for the three and six months ended June 30, 2026 and excluded from Adjusted EBITDA were $128.5 million.

(2)See page 8 for a reconciliation of net cash provided by operating activities to Free Cash Flow.

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Q3 2026 Outlook

Snap Inc. will discuss its Q3 2026 outlook during its Q2 2026 Earnings Call (details below) and in its investor letter available at investor.snap.com.

Conference Call Information

Snap Inc. will host a conference call to discuss the results at 2:00 p.m. Pacific / 5:00 p.m. Eastern today. The live audio webcast along with supplemental information will be accessible at investor.snap.com. A recording of the webcast will also be available following the conference call.

Snap Inc. uses its websites (including snap.com and investor.snap.com) as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.

Definitions

Free Cash Flow is defined as net cash provided by (used in) operating activities, reduced by purchases of property and equipment.

Common shares outstanding plus shares underlying stock-based awards includes common shares outstanding, restricted stock units, restricted stock awards, and outstanding stock options.

Adjusted EBITDA is defined as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense; payroll and other tax expense related to stock-based compensation; and certain other items impacting net income (loss) from time to time.

Constant Currency Revenue is defined as GAAP revenue in the current period translated using the prior period average monthly exchange rates for revenue transactions in currencies other than the U.S. dollar. We calculate the Constant Currency Revenue percentage change using current period Constant Currency Revenue and prior period GAAP revenue.

A Daily Active User (DAU) is defined as a registered and logged-in Snapchat user who visits Snapchat through our applications or websites at least once during a defined 24-hour period. We calculate average DAUs for a particular quarter by adding the number of DAUs on each day of that quarter and dividing that sum by the number of days in that quarter.

Average Revenue Per User (ARPU) is defined as quarterly revenue divided by the average DAUs.

A Monthly Active User (MAU) is defined as a registered and logged-in Snapchat user who visits Snapchat through our applications or websites at least once during the 30-day period ending on the calendar mont

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