Strong User Growth
Daily active users reached 477 million, an increase of 34 million or 8% year-over-year, and monthly active users increased by 60 million or 7% year-over-year.
Revenue Increase
Revenue increased 10% year-over-year to $1.51 billion, driven by improved advertising demand and the rapid expansion of direct revenue streams.
Significant Growth in Snapchat+ and Other Revenue
Other revenue, including Snapchat+ subscription revenue, increased 54% year-over-year to $190 million.
Positive Adjusted EBITDA
Delivered $182 million of adjusted EBITDA and generated $93 million of free cash flow, with a reduction in net loss by more than 30% year-over-year to $104 million.
Expansion in Europe and Rest of World Advertising
Significant acceleration in advertising revenue growth in Europe and Rest of World, with Europe growing 12% and Rest of World growing 13% year-over-year.
AI and AR Innovation
Introduced new AI-powered features and expanded AR capabilities, with daily engagement of over 350 million users with AR experiences.