Q4 2025 Snap Inc Earnings Call Transcript
Key Points
- Snap Inc (SNAP) reported a 10% year-over-year increase in total revenue for Q4 2025, reaching $1.72 billion.
- The company achieved a 59% gross margin in Q4, showing progress towards its goal of 60% gross margins.
- Snap Inc (SNAP) saw a 71% year-over-year growth in subscribers, reaching 24 million in Q4.
- The advertising revenue grew by 5% year-over-year, driven by strong demand for direct response advertising.
- Snap Inc (SNAP) reported positive net income of $45 million in Q4, up from $9 million in the prior year, indicating improved profitability.
- Global daily active users declined by 3 million quarter-over-quarter to 474 million in Q4.
- The company faced regulatory challenges, including the removal of approximately 400,000 accounts in Australia due to age verification laws.
- Snap Inc (SNAP) experienced an 8% year-over-year decline in total eCPMs, although the rate of decline moderated compared to previous quarters.
- The North American user base saw a decline, raising concerns about user growth in key monetizable markets.
- Snap Inc (SNAP) continues to face headwinds in the North America large customer business, impacting advertising revenue growth.
Good afternoon, everyone, and welcome to Snap Inc.'s fourth-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 fourth-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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