Snap Inc. (SNAP) reported a first-quarter 2026 net loss of 5 cents per share, with adjusted earnings of 10 cents per share, surpassing the Zacks Consensus Estimate of 9 cents. The company’s revenues grew 12% year over year to $1.529 billion, exceeding expectations by 0.55% and reaching the upper limit of its guidance range.
The company reported an adjusted EBITDA of $233 million, more than double from the previous year, and returned to growth with 483 million daily active users, a 5% increase year over year. Revenues from North America rose 2% to $851 million, while European revenues surged 45% to $324 million.
Snap expects second-quarter revenues between $1.52 billion and $1.55 billion, while adjusted EBITDA is projected to be between $175 million and $200 million. The company also noted an anticipated restructuring pre-tax charge of $95-$130 million, aiming to streamline operations and reduce annual costs by over $500 million in the second half of 2026.
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