Snap Revenue Rises 12 Percent as User Base Grows
Snap reported first-quarter revenue of 1.53 billion dollars as daily active users grew to 483 million led by international markets. The company achieved adjusted EBITDA of 233.3 million dollars following operational efficiency measures and a workforce reduction.
Snap Inc reported first-quarter revenue rose 12% to $1.53 billion as advertising spending remained resilient. The results matched LSEG-compiled estimates and showed a return to user growth in international markets. For investors, the focus shifts to whether subscription revenue can offset slowing growth in the core North American market.
### International Growth Offsets North American Slowdown Snap reported 483 million daily active users in the first quarter, adding 9 million from the previous period. This expansion was driven by markets outside of North America and Europe, countering a decline in North American users. Revenue growth in North America slowed to 2% during the quarter.
