Snap Reports Strong Q4 2024 Earnings, Beats Expectations

Snap's strong fourth quarter 2024 results show a significant revenue increase and a major turnaround in EPS, indicating strong operational performance despite a competitive landscape.

Date: 05-02-2025

AI Rating: 8

Revenue Growth
Snap reported a revenue of $1.557 billion for Q4 2024, which is a 14% increase from $1.361 billion in Q4 2023. This growth surpassed analyst estimates projected at $1.547 billion.

Earnings Per Share (EPS)
The company reported a Non-GAAP EPS of $0.16, a substantial improvement compared to an expected loss of $0.04. This marks a significant turnaround from the previous year's earnings of $0.08.

Free Cash Flow (FCF)
Free Cash Flow was reported at $182 million, up from $111 million in the previous year, showing a 64.2% year-over-year increase.

Adjusted EBITDA
Adjusted EBITDA rose to $276 million from $159 million year-over-year, representing a 73.6% increase, indicating improved operational efficiency and cost management.

Snap’s performance paints a strong picture for the company, showing robust growth in both revenue and profitability metrics. However, the failures to provide explicit Q1 2025 guidance might create uncertainty among investors going forward. It's essential for Snap to continue focusing on innovation in augmented reality and user engagement to maintain its competitive edge. The company's ability to adapt to a challenging competitive landscape will be critical for its future performance.

Stocks: SNAP