Snap Inc. (NYSE: SNAP) reported revenues of $1.19 billion for the first quarter of 2024, up 21% year-over-year.

Net loss was $305 million, or $0.19 per share, compared to $329 million, or $0.21 per share, in the prior year. Adjusted EPS more than doubled YoY to $0.03.

Daily active users (DAUs) increased 10% YoY to 422 million.

For the second quarter of 2024, the company expects revenue to grow 15-18% YoY to $1.22-1.25 billion. DAUs are expected to be approx. 431 million.

Prior performance

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