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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.37B | 11% |
| Gross Profit | 734M | 13.2% |
| Cost of Revenue | 639M | 8.5% |
| Operating expense | 921M | 0.4% |
| Net Income | -153M | 38.4% |
| EBITDA | -128M | 43.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 7.59B | 2.3% |
| Total Liabilities | 5.38B | 0.5% |
| Total Equity | 2.21B | 6.9% |
| Shares Outstanding | 1.72B | 1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 116M | 642% |
| Cash from investing | -223M | 4% |
| Cash from financing | 10M | 95.6% |
EPS
Financial Highlights for Snap in Q3 '24
Snap reported a revenue of 1.37B, which is a 11% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 734M, marking a 13.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 639M, a 8.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 921M, showing a 0.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -153M, showing a 38.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -128M, showing a 43.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Snap with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
