Snap Inc Results Presentation Deck
Second Quarter Financial Highlights
Revenue
Operating
Performance
Cash
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Revenue increased 17% YoY to $454 million.
Average revenue per user remained flat YoY at $1.91.
Gross margin¹ improved to 47%, compared to 46% in Q2 2019.
Operating margin improved to (68) %, compared to (79)% in Q2 2019.
Net loss was $(326) million, compared to $(255) million in Q2 2019.
Adjusted EBITDA was $(96) million, compared to $(79) million in Q2 2019.
Adjusted EBITDA margin² was (21) %, compared to (20)% in Q2 2019.
Operating cash flow improved $29 million YoY to $(67) million.
Free Cash Flow improved $21 million YoY to $(82) million.
Ending cash and marketable securities increased $748 million QoQ to $2.8 billion.
¹Excludes stock-based compensation expense and related payroll tax expense, depreciation and amortization, and certain other non-cash or non-recurring items impacting net income (loss) from time to time.
2We define Adjusted EBITDA margin as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliation of net loss to Adjusted EBITDA.
3View entire presentation