Snap Inc. (SNAP) Earnings Call Transcripts

Snap Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Snap Inc. reported revenue of $1.53 billion, a 12% increase year-over-year, and an adjusted EBITDA of $233 million, marking a significant improvement in profitability metrics. The company saw a net loss of $89 million, an improvement from $140 million in the prior year. Management provided Q2 revenue guidance of $1.52 billion to $1.55 billion, indicating a cautious optimism driven by growth in the North American advertising business and strong performance in subscription services, particularly Snapchat+ and Lens+.

Reported metrics

Guidance from management

Management expects Q2 revenue between $1.52 billion and $1.55 billion, with adjusted EBITDA projected to be between $175 million and $200 million. They anticipate a reduction in annualized costs by over $500 million in the second half of 2026, establishing a clearer path to profitability.

What management said

Ross, it's Evan. Thanks for the question. We're really grateful obviously from input from our shareholders. And I think we've taken some strong actions already to operate with better discipline to improve profitability and sharpen capital allocation. But fundamentally, we think our job is to operate the business in the long-term interest of our shareholders, and we're going to continue to invest against our core long...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of ad revenue growth, particularly from large North American advertisers, and the potential impact of geopolitical events on future performance. There were also questions about the balance between subscription growth and advertising revenue focus.

Main topics on the call

• User Growth and Engagement — Snap's daily active users reached 483 million, while monthly active users grew to 956 million, reflecting a 5% year-over-year increase. Management noted, "we are closing the gap between engagement and monetization while ...
• Advertising Revenue Performance — Advertising revenue increased by 3% year-over-year to $1.24 billion, but large advertisers in North America remained a headwind. Management stated, "we are beginning to see early signs of improvement as performance gains...
• Strong Growth in Other Revenue — Other revenue surged 87% year-over-year to $285 million, driven by Snapchat+ subscriptions and new offerings like Memories Storage. This growth reflects a "larger than anticipated share of new subscribers acquired throug...
• Cost Structure and Profitability — Adjusted EBITDA improved significantly, with a flow-through rate of 75% for year-over-year revenue growth. Management emphasized that Q1 results provide "early proof points" of a more durable and profitable business mode...

Read the full Snap Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 47 Snap Inc. earnings call transcripts on record, spanning February 4, 2020 to July 30, 2026. Based on this history, Snap Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SNAP

Exchange

NYSE

Country

US

Sector

Communication Services

Industry

Interactive Media and Services

Calls on record

47

First call

February 4, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly