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Snap Inc. (SNAP) Q4 2024 Earnings Call Transcript

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Snap Inc. (NYSE:SNAP) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET

Company Participants

David Ometer – Head of IR
Evan Spiegel – CEO and Co-Founder
Derek Andersen – CFO

Conference Call Participants

Doug Anmuth – JPMorgan
Rich Greenfield – LightShed Partners
Luiza Nobre – Bernstein
Dan Salmon – New Street Research
James Heaney – Jefferies
Shweta Khajuria – Wolfe Research
Ken Gawrelski – Wells Fargo
Deepak Mathivanan – Cantor Fitzgerald

Operator

Good afternoon, everyone, and welcome to Snap Inc.’s Fourth Quarter 2024 Earnings Conference Call. At this time, participants are in a listen-only mode. I would now like to turn the call over to David Ometer, Head of Investor Relations.

David Ometer

Thank you, and good afternoon, everyone. Welcome to Snap’s fourth quarter 2024 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and Co-Founder; and Derek Andersen, Chief Financial Officer. Please refer to our Investor Relations website at investor.snap.com to find today’s press release, earnings slides and investor letter and investor presentation.

This conference call includes forward-looking statements, which are based on our assumptions of today. Actual results may differ materially from those expressed in these forward-looking statements, and we make no obligation to update our disclosures. For more information about factors that may cause actual results to differ materially from these forward-looking statements, please refer to the press release we issued today as well as risks described in our most recent Form 10-K, particularly in the section titled Risk Factors.

Today’s call will include both GAAP and non-GAAP measures. Reconciliations between the two can be found in today’s press release. Please note that when we discuss all of our expense figures, they will exclude stock-based compensation and related payroll taxes, as well as depreciation and amortization and certain other items. Please refer to our filings with the

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