Q2 2025 Snap Inc Earnings Call Transcript
Key Points
- Snap Inc (SNAP) achieved 932 million monthly active users in Q2, marking a 7% year-over-year increase.
- Revenue increased by 9% year over year to $1.34 billion, driven by growth in small and medium customers.
- Snapchat+ subscriptions approached 16 million, contributing significantly to other revenue with a 64% year-over-year growth.
- The company generated $24 million in free cash flow and ended the quarter with $2.9 billion in cash and marketable securities.
- Snap Inc (SNAP) continues to innovate with new products like Lens+ and plans to launch its first stand-alone AR glasses in 2026.
- An ad platform issue in Q2 caused some campaigns to clear the auction at reduced prices, impacting revenue growth.
- North America monthly active users were flat year over year, with a slight decline in active days.
- Adjusted EBITDA decreased to $41 million from $55 million in the prior year, and net loss increased to $263 million.
- The company faced higher legal costs, including litigation and regulatory compliance-related expenses.
- Despite improvements, the brand advertising revenue was flat in Q2, indicating challenges in that segment.
Good afternoon, everyone, and welcome to Snap Inc.'s second-quarter 2025 earnings conference call. (Operator Instructions)
I would now like to turn the call over to David Ometer, Head of Investor Relations.
Thank you, and good afternoon, everyone. Welcome to Snap's second-quarter 2025 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and Co-Founder; and Derek Andersen, Chief Financial Officer. Please refer to our Investor Relations website at investor.snap.com to find today's press release, earnings slides and investor letter. This conference call includes forward-looking statements, which are based on our assumptions as of today.
Actual results may differ materially from those expressed in these forward-looking statements, and we make no obligation to update our disclosures. For more information about factors that may cause actual results to differ materially from these forward-looking statements, please refer to the press release we issued today as well as
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