We are focused on expanding and diversifying our revenue growth: Internationally, we expanded our partnership with Groupe M6 in France and signed new agreements with BBC Studios in the UK, G+J Medien (RTL) in Germany, and Totem Global in Australia. We renewed our partnerships with UFC and the Washington Post in the US. Through our broadcast partnerships with beIN SPORTS in Qatar and France, ITV in the UK, MediaPro in Spain, and Bell in Canada, among others, over 60 million Snapchatters watched World Cup Stories content on Snapchat and over 285 million Snapchatters engaged with World Cup AR. ![]() Total time spent watching Spotlight content grew over 100% year-over-year.ġ7 content partners reached over 50 million global viewers each in Q4 2022. We grew and deepened our engagement with our community:ĭAUs were 375 million in Q4 2022, an increase of 56 million, or 17% year-over-year.ĭAUs increased sequentially and year-over-year in each of North America, Europe, and Rest of World. See page 11 for reconciliation of diluted net income (loss) per share to non-GAAP diluted net income (loss) per share. See page 10 for reconciliation of net cash provided by (used in) operating activities to Free Cash Flow. Total restructuring charges included in our consolidated statements of operations for the three and twelve months ended Decemwere $34.3 million and $188.9 million, respectively. In the third quarter of 2022, we initiated a strategic reprioritization plan, which included a reduction of our global employee headcount by approximately 20%. See page 10 for reconciliation of net income (loss) to Adjusted EBITDA. Non-GAAP diluted net income (loss) per share (3) Net cash provided by (used in) operating activitiesĭiluted net income (loss) per share attributable to common stockholders Operating cash flow was $125 million, compared to $186 million in the prior year.įree Cash Flow was $78 million, compared to $161 million in the prior year. Net loss was $288 million, including restructuring charges of $34 million, compared to net income of $23 million in the prior year.Īdjusted EBITDA was $233 million, compared to $327 million in the prior year. Revenue was $1,300 million, compared to $1,298 million in the prior year. Second full year of positive operating cash flow and Free Cash Flow of $185 million and $55 million, respectively. Third consecutive year of positive Adjusted EBITDA with $378 million in 2022. Net loss was $1,430 million in 2022, including restructuring charges of $189 million, compared to $488 million in 2021. Revenue increased 12% to $4.6 billion in 2022, compared to the prior year. ![]() "We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.” “We ended a challenging 2022 with 375 million Daily Active Users, 12% year-over-year annual revenue growth, and positive full year Free Cash Flow," said Evan Spiegel, CEO. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2022. Second full year of positive operating cash flow and Free Cash Flow Daily Active Users increased 17% year-over-year to 375 millionįull year revenue of $4.6 billion and fourth quarter revenue of $1.3 billionįourth quarter operating cash flow of $125 million and Free Cash Flow of $78 million
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