Snap Inc. Exceeds Analysts' Forecasts

Snap Inc. announced a remarkable 14% year-on-year revenue increase to $1.36 billion in the first quarter of fiscal 2025, outperforming analysts' predictions. The company also reported a 9% annual growth in daily active users (DAU), reaching 460 million.

Financial Performance Highlights

The first quarter saw an operating loss of $193.8 million, a significant improvement from the $333.2 million loss in the same quarter the previous year. Net loss was reduced to $136.6 million from $305 million in fiscal 2024, with diluted net loss per share improving to $0.08 from $0.16. Adjusted EBITDA more than doubled to $108 million from $45 million.

CEO's Milestone Announcement

"We achieved a pivotal milestone in Q1, expanding our community to over 900 million monthly active users," stated CEO Evan Spiegel. Despite this positive news, Snap's stock experienced a 13.42% drop in after-hours trading, settling at $7.87 per share.