Snap Inc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
SNAP$5.05+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $1,194,773 | $988,608 |
| Costs and expenses: | ||
| Cost of revenue | 574,749 | 439,986 |
| Research and development | 449,759 | 455,112 |
| Sales and marketing | 276,034 | 268,433 |
| General and administrative | 227,463 | 190,341 |
| Total costs and expenses | 1,528,005 | 1,353,872 |
| Operating loss | (333,232) | (365,264) |
| Interest income | 39,898 | 37,948 |
| Interest expense | (4,743) | (5,885) |
| Other income (expense), net | (81) | 11,372 |
| Loss before income taxes | (298,158) | (321,829) |
| Income tax benefit (expense) | (6,932) | (6,845) |
| Net loss | $(305,090) | $(328,674) |
| Net loss per share attributable to Class A, Class B, and Class C common stockholders (Note 3): | ||
| Basic | $(0.19) | $(0.21) |
| Diluted | $(0.19) | $(0.21) |
| Weighted average shares used in computation of net loss per share: | ||
| Basic | 1,647,387 | 1,581,370 |
| Diluted | 1,647,387 | 1,581,370 |
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