Revenue was $1,300 million, compared to $1,298 million in the prior year. Second full year of positive operating cash flow and Free Cash Flow of $185 million and $55 million, respectively.
Third consecutive year of positive Adjusted EBITDA with $378 million in 2022. Net loss was $1,430 million in 2022, including restructuring charges of $189 million, compared to $488 million in 2021. Revenue increased 12% to $4.6 billion in 2022, compared to the prior year. "We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.” “We ended a challenging 2022 with 375 million Daily Active Users, 12% year-over-year annual revenue growth, and positive full year Free Cash Flow," said Evan Spiegel, CEO. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2022. Second full year of positive operating cash flow and Free Cash Flow Daily Active Users increased 17% year-over-year to 375 millionįull year revenue of $4.6 billion and fourth quarter revenue of $1.3 billionįourth quarter operating cash flow of $125 million and Free Cash Flow of $78 million
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