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Snap SNAP Advertising — Revenue

Discontinued — last reported Q2 '18

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Other financials

Income statement

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Revenue$1.5B+12.1%
Gross profit$863.6M+19.3%
Operating income-$74.4M+61.6%
Net income-$89.0M+36.3%
EPS (diluted)-$0.05+37.5%

Balance sheet

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Cash & equivalents$1.1B+16.5%
Total debt$4.2B-0.2%
Total equity$2.1B-9.8%
Total assets$7.5B-1.2%

Cash flow

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Operating cash flow$326.8M+116%
CapEx$40.8M+9.6%
Free cash flow$286.0M+150%

Valuation

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Market cap$7.72B-47.4%
Enterprise value$10.86B-39.6%
P/S1.3×-1.4×

Profitability

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Gross margin55.8%+1.7pp
Operating margin-7.6%-2.0pp
Net margin-7.5%-1.4pp
FCF margin10%+4.6pp

Returns & leverage

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Return on equity-20.7%-2.7pp
Debt / equity+0.2×
Current ratio3.5×-0.8×

Where this comes from

Reported directly by Snap in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Snap’s 10-Q, filed August 8, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does advertising — revenue mean?
The total amount of money earned from selling advertising space on the platform, excluding taxes.
How do you interpret advertising — revenue?
An increase indicates growing advertiser demand, improved ad inventory monetization, or successful expansion of the user base, while a decrease may signal platform saturation, increased competition for ad budgets, or macroeconomic headwinds affecting marketing spend.
How does advertising — revenue compare across companies?
This is highly comparable to 'Advertising Revenue' or 'Ad Sales' reported by other social media and digital platform companies like Meta, Pinterest, or Alphabet.