Snap Inc.'s Stock Analysis

Snap General Counsel to Depart by Year-End 2025

Michael O’Sullivan, Snap's General Counsel and Secretary, announced his departure from the company, effective December 31, 2025. He has confirmed that his decision is not due to any disagreements regarding the company's accounting, strategy, management, operations, or policies.

This leadership change may have implications for Snap's corporate governance and legal strategies going forward. Investors may want to monitor this transition and its potential impact on the company's operations.

Sep 04, 2025 17:00:40

Snap Issues $550 Million in Senior Notes, Completes Repurchases

Snap has entered into a purchase agreement for the sale of $550 million principal amount of 6.875% Senior Notes due 2034 in a private offering, with net proceeds expected to be approximately $541.3 million. The Notes will bear interest payable semi-annually, and Snap has the option to redeem them under certain conditions, including a make-whole premium until September 2028. The Indenture outlines restrictive covenants and events of default that could accelerate the maturity of the Notes under specific circumstances.

Additionally, Snap has completed repurchase transactions for approximately $157.4 million of 2026 Convertible Senior Notes, $246.3 million of 2027 Convertible Senior Notes, and $185.8 million of 2028 Convertible Senior Notes, totaling around $550.1 million. These transactions were settled on or about August 12, 2025, indicating a strategic move to manage its debt obligations.

Aug 12, 2025 17:05:40

Snap Inc. Reports Q2 2025 Financial Results and User Growth

Snap Inc. announced its financial results for the second quarter of 2025, reporting a 9% increase in revenue to $1,345 million compared to the same quarter last year. The company experienced growth in its user base, with Monthly Active Users reaching 932 million, a 7% increase year-over-year, and Daily Active Users rising to 469 million, up 9% from the previous year. Despite the revenue growth, Snap reported a net loss of $263 million, slightly higher than the $249 million loss reported in Q2 2024. The company generated $88 million in operating cash flow and $24 million in free cash flow during the quarter, both showing improvement from the previous year.

In addition to financial metrics, Snap highlighted its ongoing investment in augmented reality and artificial intelligence, with significant engagement in its AR offerings. The company introduced new features aimed at enhancing user experience and advertising effectiveness, including Sponsored Snaps and a new Snapchat app for Apple Watch. Snap's Other Revenue, largely from subscription services, grew by 64% year-over-year. The company is also preparing to launch its consumer-ready AR glasses in 2026, indicating a continued focus on innovation and user engagement.

Aug 05, 2025 16:13:19

Snap's 2025 Annual Meeting Scheduled for August 1, 2025

Snap Inc. will hold its 2025 annual meeting of stockholders online on August 1, 2025, at 8:30 a.m. Pacific Time. The meeting will focus on two main proposals: the election of eleven director nominees and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Only holders of Class B and Class C common stock, who are entitled to vote, will participate in these decisions, while holders of Class A common stock will not have voting rights on these matters.

As of June 27, 2025, Snap had approximately 1.4 billion shares of Class A common stock and over 231 million shares of Class C common stock outstanding. The voting power is significantly concentrated, as co-founders Evan Spiegel and Robert Murphy control over 99% of the voting power due to their holdings of Class B and Class C shares. They intend to vote in favor of both proposals by written consent prior to the meeting, indicating that these proposals are expected to pass without requiring a formal vote during the meeting.

Jul 10, 2025 17:12:29

Snap Inc. Reports 14% Revenue Growth in Q1 2025

Snap Inc. has reported a revenue of $1,363 million for the first quarter of 2025, reflecting a 14% increase compared to the same period last year. The company also noted a significant improvement in its net loss, which decreased by 54% to $140 million. Additionally, adjusted EBITDA rose to $108 million, up 137% year-over-year, and operating cash flow increased to $152 million, compared to $88 million in the prior year.

In terms of user engagement, Snap's daily active users grew by 9% year-over-year to reach 460 million, while monthly active users surpassed 900 million. The company reported a 60% increase in active advertisers and a 75% rise in revenue from its Snapchat+ subscription service. Snap continues to invest in its augmented reality platform and has introduced new features aimed at enhancing user experience and expanding advertising opportunities.

Apr 29, 2025 16:11:23

Company Repurchases Over $1.4 Billion in Convertible Notes

The company has successfully completed repurchase transactions for its outstanding convertible senior notes, totaling approximately $1.4 billion. This includes repurchases of around $45.3 million in 2026 Notes, $797.4 million in 2027 Notes, and $800 million in 2028 Notes, indicating a significant reduction in outstanding debt through these privately negotiated deals. The transactions were settled in mid-February 2025.

However, the press release also highlights the potential risks associated with forward-looking statements, suggesting that actual results may differ from expectations due to market conditions and other uncertainties. The company cautions against placing undue reliance on these statements, which are subject to various risks that could impact future performance.

Feb 18, 2025 17:21:33

Snap Inc. Reports $1.557 Billion Revenue in Q4 2024

Snap Inc. reported a 14% year-over-year increase in fourth quarter revenue, totaling $1.557 billion, alongside a 9% rise in Daily Active Users, reaching 453 million. The company achieved a net income of $9 million, marking a significant turnaround from a net loss of $248 million in the prior year. Adjusted EBITDA also saw a notable increase to $276 million from $159 million in Q4 2023, while operating cash flow improved to $231 million compared to $165 million last year.

Despite these positive metrics, Snap Inc. faced a net loss of $698 million for the full year 2024, although this was an improvement from a loss of $1.322 billion in 2023. The company reported an operating loss of $26.9 million in Q4, showing a reduction from a loss of $248.7 million in the same quarter last year. While free cash flow increased to $182 million in Q4, the overall financial performance is still marked by substantial annual losses.

Feb 04, 2025 16:13:53

Snap Inc. Reports Strong Q3 2024 Financial Performance

Snap Inc. reported a 15% increase in revenue year-over-year, reaching $1.37 billion, while daily active users grew by 9% to 443 million. The company's net loss significantly improved by 58%, down to $153 million, and adjusted earnings before interest, taxes, depreciation, and amortization soared by 229% to $132 million. These results reflect strong community engagement and effective financial management as Snap continues to invest in innovative technologies like AI and AR, enhancing user experiences and advertising capabilities. Additionally, Snap announced a $500 million stock repurchase program to further support shareholder value.

The company highlighted several key achievements, including a notable increase in time spent on content and a doubling of Snapchat+ subscribers to 12 million. Snap also launched new advertising formats and safety tools, contributing to a robust growth in active advertisers. However, despite these positive trends, the company still faces challenges, as evidenced by its ongoing net losses and the need to balance investments with profitability. Overall, Snap Inc. is positioning itself for long-term growth while navigating the complexities of the competitive tech landscape.

Oct 29, 2024 16:12:11

Jim Lanzone Joins Snap Inc. Board of Directors

Snap Inc. has appointed Jim Lanzone, the CEO of Yahoo Inc., to its board of directors, effective September 12, 2024. This addition is viewed positively by Snap's leadership, with co-founder Evan Spiegel expressing excitement about the wealth of experience Lanzone brings in technology and digital advertising. Both Spiegel and board chair Michael Lynton anticipate that Lanzone's background will be a significant asset as Snap aims to expand its business further.

Lanzone, who has held various leadership roles in major tech companies, including Tinder and CBS Interactive, is enthusiastic about joining Snap, recognizing the company's innovative spirit and potential for growth. His diverse experience in the tech sector suggests he will contribute valuable insights and strategies to Snap's ongoing development. Overall, this appointment is seen as a strategic move that could enhance Snap's position in the competitive tech landscape.

Sep 13, 2024 16:16:31

Snap Inc. Reports Strong Q2 2024 Financial Growth

Snap Inc. experienced a 16% revenue increase to $1.24 billion in Q2 2024, with daily active users rising by 9% to 432 million. The net loss improved by 34%, and adjusted earnings before interest, taxes, depreciation, and amortization surged by 243%. The company is focused on enhancing its advertising platform and community engagement, with a positive outlook for Q3, projecting further revenue growth.

Aug 01, 2024 16:15:28