Snap Inc

For the period ended Jun 30, 2024. Filed Aug 2, 2024.

About 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.

Jun 30, 2024 · Filed Aug 2, 2024

SNAP$5.05+1.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue	$1,236,768	$1,067,669	$2,431,541	$2,056,277
Costs and expenses:
Cost of revenue	588,921	496,874	1,163,670	936,860
Research and development	406,196	477,663	855,955	932,775
Sales and marketing	266,320	280,597	542,354	549,030
General and administrative	229,306	216,874	456,769	407,215
Total costs and expenses	1,490,743	1,472,008	3,018,748	2,825,880
Operating loss	(253,975)	(404,339)	(587,207)	(769,603)
Interest income	36,462	43,144	76,360	81,092
Interest expense	(5,113)	(5,343)	(9,856)	(11,228)
Other income (expense), net	(20,792)	1,323	(20,873)	12,695
Loss before income taxes	(243,418)	(365,215)	(541,576)	(687,044)
Income tax benefit (expense)	(5,202)	(12,093)	(12,134)	(18,938)
Net loss	$(248,620)	$(377,308)	$(553,710)	$(705,982)
Net loss per share attributable to Class A, Class B, and Class C common stockholders (Note 3):
Basic	$(0.15)	$(0.24)	$(0.34)	$(0.44)
Diluted	$(0.15)	$(0.24)	$(0.34)	$(0.44)
Weighted average shares used in computation of net loss per share:
Basic	1,644,736	1,603,172	1,646,064	1,592,365
Diluted	1,644,736	1,603,172	1,646,064	1,592,365

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.