Snap provides technology and social media services. The Company's flagship product, Snapchat, is a camera application that was created to help people communicate through short videos and images. One of the principal concepts of Snapchat is that pictures and messages are only available for a short time before they become inaccessible. Originally, Snapchat was centered on private, person-to-person photo sharing; new features, including the ability to send short videos, communicate via video chat and saving necessary chat information through a press on a message, were added through later updates.

Type
Public
HQ
Los Angeles, US
Founded
2011
Size (employees)
3,069 (est)
Snap (Snapchat) was founded in 2011 and is headquartered in Los Angeles, US
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Key People/Management at Snap (Snapchat)

Evan Spiegel

Evan Spiegel

Co-Founder & CEO
Bobby Murphy

Bobby Murphy

Co-Founder and CTO
Michael Lynton

Michael Lynton

Chairman
Imran Khan

Imran Khan

Chief Strategy Officer
Michael OSullivan

Michael OSullivan

General Counsel
Steven Horowitz

Steven Horowitz

Vice President, Hardware
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Snap (Snapchat) Office Locations

Snap (Snapchat) has offices in Shenzhen, Kyiv, Riga, Odesa and in 24 other locations
Los Angeles, US (HQ)
63 Market St
Los Angeles, US
606 S Venice Blvd
New York, US
229 W 43rd St
Seattle, US
999 3rd Avenue
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Snap (Snapchat) Financials and Metrics

Snap (Snapchat) Financials

Snap (Snapchat)'s revenue was reported to be $824.95 m in FY, 2017 which is a 104% increase from the previous period.
USD

Revenue (Q1, 2018)

230.7 m

Gross profit (Q1, 2018)

33.9 m

Gross profit margin (Q1, 2018), %

14.7%

Net income (Q1, 2018)

(385.8 m)

EBIT (Q1, 2018)

(392.5 m)

Market capitalization (15-Jun-2018)

17.6 b

Closing share price (15-Jun-2018)

14

Cash (31-Mar-2018)

466.3 m
Snap (Snapchat)'s current market capitalization is $17.6 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

58.7 m404.5 m824.9 m

Revenue growth, %

590%104%

Cost of goods sold

182.3 m451.7 m717.5 m

Gross profit

(123.7 m)(47.2 m)107.5 m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018

Revenue

38.8 m71.8 m128.2 m149.6 m181.7 m207.9 m285.7 m230.7 m

Cost of goods sold

75.8 m94.8 m127.8 m163.4 m152.1 m210.7 m191.2 m196.8 m

Gross profit

(37 m)(23 m)424 k(13.7 m)29.5 m(2.8 m)94.4 m33.9 m

Gross profit Margin, %

(95%)(32%)0%(9%)16%(1%)33%15%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

640.8 m150.1 m334.1 m

Accounts Receivable

44.3 m162.7 m279.5 m

Prepaid Expenses

7.4 m30 m44.3 m

Current Assets

692.6 m1.2 b2.4 b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

1.4 b501.7 m317.6 m466.3 m

Accounts Receivable

147.7 m171.5 m195 m231.4 m

Prepaid Expenses

73 m77.8 m54.7 m58.5 m

Current Assets

3.5 b3 b2.5 b2.1 b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(372.9 m)(514.6 m)(3.4 b)

Depreciation and Amortization

15.3 m29.1 m61.3 m

Accounts Payable

(6.7 m)6.5 m49.7 m

Cash From Operating Activities

(306.6 m)(611.2 m)(734.7 m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(104.6 m)(220.5 m)(344.7 m)(2.2 b)(2.7 b)(3.1 b)(385.8 m)

Depreciation and Amortization

5 m11 m18.5 m12.5 m25 m42.5 m21.6 m

Accounts Payable

47 k(240 k)1.7 m5.6 m9.3 m4.1 m(37.1 m)

Cash From Operating Activities

(92.5 m)(226.7 m)(443.5 m)(155 m)(364.6 m)(558.6 m)(232 m)
USDY, 2018

Revenue/Employee

94.7 k

Financial Leverage

1.1 x

P/E Ratio

(46.7 )
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Snap (Snapchat) Operating Metrics

Snap (Snapchat)'s Daily Active Users was reported to be 191 m in Q1, 2018.
Q1, 2014Q2, 2014Q3, 2014Q4, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018

Daily Active Users

46 m57 m62 m71 m80 m86 m94 m107 m122 m143 m153 m158 m166 m173 m178 m187 m191 m

Quarterly ARPU

$0.31 $0.32 $0.50 $0.84 $1.05 $0.90 $1.05 $1.17 $1.53 $1.21

Hosting Costs per Daily Active Users

$0.52 $0.72

Snaps per Day

2.50 b3 b3.50 b3 b
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Snap (Snapchat) Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Metamarkets (58)November 03, 2017$100 m
Zenly, Inc. (45)June 22, 2017$213 m
Placed (128)June 05, 2017
Cimagine Media December 25, 2016$30 m
Flite (68)December 19, 2016
Vurb August 15, 2016$114.50 m
Obvious Engineering June 03, 2016
Bitstrips (28)May 24, 2016$64.20 m
Looksery September 15, 2015$150 m
Scan December 17, 2014$50 m
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Snap (Snapchat) Revenue Breakdown

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Snap (Snapchat) revenue breakdown by geographic segment: 97.1% from United States and 2.9% from Other

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Snap (Snapchat) Online and Social Media Presence

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Snap (Snapchat) News and Updates

Snapchat maker unseals former employee's lawsuit: 'Snap has nothing to hide'

Snapchat maker unseals former employee's lawsuit: 'Snap has nothing to hide'Saying it had “nothing to hide,” the company behind Snapchat released an unredacted version of a lawsuit filed against it by a former employee that claims investors and advertisers were misled about usage data.

Here's who got rich off the Snapchat IPO

Here's who got rich off the Snapchat IPOEvan Spiegel, 26, and Bobby Murphy, 28, each sold 16 million shares in the IPO, both reaping a $272 million payout. Their remaining stakes, of about 210 million shares, are worth about $5.2 billion each based on the stock's first-day closing price.

Meet 26-year-old billionaire and Snap CEO Evan Spiegel, who just filed a $3 billion IPO

Meet 26-year-old billionaire and Snap CEO Evan Spiegel, who just filed a $3 billion IPOFor an entrepreneur who has built a social media empire on the idea that people like to share what's going on in their lives immediately and often, Evan Spiegel is obsessed with privacy.
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