Snap Inc Results Presentation Deck
Fourth Quarter Financial Highlights
Revenue
Operating
Performance
Cash
● Revenue increased 62% YoY to $911 million.
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Average revenue per user increased 33% YoY to $3.44.
Adjusted gross margin¹ improved to 59%, compared to 56% in Q4 2019.
Operating margin improved to (11) %, compared to (45)% in Q4 2019.
Net loss was $(113) million, compared to $(241) million in Q4 2019.
Adjusted EBITDA was $166 million, compared to $42 million in Q4 2019.
Adjusted EBITDA margin² was 18%, compared to 8% in Q4 2019.
Operating cash flow improved $14 million YoY to $(53) million.
Free Cash Flow improved $7 million YoY to $(69) million.
Ending cash and marketable securities increased $425 million YoY to $2.5 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