Filing Flows › Snap (SNAP) › Q1 2025
Snap (SNAP) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Snap (SNAP) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -12% from the quarter before. Operating margin was -14.2%, net loss $140M (10.2% of revenue).
Snap, Q1 2025: revenue $1.4B (+14% year over year), operating margin -14.2%, net loss $140M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -12% | +14% |
| Operating profit | −$194M | — | — |
| Net earnings | −$140M | — | — |
| Operating cash flow | $152M | -34% | +72% |
| Free cash flow | $114M | — | +202% |
What changed
Revenue was $1.4B in Q1 2025, up 14% year over year and down 12% from the previous quarter. Advertising Revenue was the largest line at 89% of revenue. Advertising Revenue added $0.10B year over year (up 9%), 61% of the total change.
Operating costs exceeded revenue by $0.19B, an operating margin of -14.2%. Total costs grew 2% against revenue growth of 14%. The fastest-growing cost line was Cost of revenue (+11%). The quarter ended with a net loss of $0.14B, after a profit of $0.01B the previous quarter. Non-operating items added $0.06B, -48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.15B (up 72% year over year). Non-cash charges added back $0.04B of depreciation and amortization and $0.25B of share-based compensation. After purchases of property and equipment ($0.04B), free cash flow as the company reports it was $0.11B.
Questions
What was Snap's revenue in the first quarter 2025?
Snap (SNAP) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -12% from the quarter before.
Was Snap profitable in the first quarter 2025?
Operating loss was $194M (-14.2% of revenue) and net loss $140M.
Source: Snap 10-Q on SEC EDGAR.