Welcome to our dedicated page for Snap news (Ticker: SNAP), a resource for investors and traders seeking the latest updates and insights on Snap stock.
Snap Inc. (NYSE: SNAP) is a technology and software publishing company built around Snapchat, a visual messaging app that uses the camera to help people express themselves, live in the moment, learn about the world, and have fun together. The Snap Inc. news feed on this page brings together company announcements, product updates, financial results, and partnership news that shape the story behind the SNAP stock symbol.
Recent Snap news highlights how the company manages growth, technology, and governance. Earnings releases and related 8-K filings describe trends in revenue, net loss, adjusted EBITDA, cash flow, and key operating metrics such as Daily Active Users and Monthly Active Users. These updates also explain how Snap’s advertising platform, subscription offerings like Snapchat+ and Lens+, and augmented reality investments contribute to its financial performance.
Investors and users can also follow news about Snap’s AR and AI initiatives, including developments in Lens Studio, generative AI lenses, and Spectacles AR glasses. Announcements have covered new AI-powered tools for developers, AR engagement statistics, and partnerships that extend Snap’s AR capabilities into live sporting events and venues through collaborations with companies such as RWS Global. In addition, Snap reports on AI partnerships like its agreement with Perplexity to integrate an AI-powered answer engine into Snapchat’s chat interface.
Corporate and governance news appears as well, including board changes, senior leadership transitions, stock repurchase authorizations, and debt offerings such as senior notes. Together, these updates provide context for how Snap Inc. operates as a public company, how it invests in camera-based communication, augmented reality, and AI, and how these efforts may influence the long-term trajectory of SNAP stock. Bookmark this page to review new press releases and regulatory-linked announcements as they are published.
Snap Inc. (NYSE:SNAP) has initiated a multi-year partnership with Re:wild, the National Park Service, and the Santa Monica Mountains Fund to aid restoration efforts in California, specifically targeting areas affected by wildfires. The partnership aims to educate Snapchatters on climate change impacts through original content and augmented reality experiences. Key actions include planting 10,000 native trees and 100,000 plants to revive ecosystems. Snap has also declared its carbon neutrality, aligning with its climate strategy that focuses on emission reductions and renewable energy.
Snap Inc. (NYSE: SNAP) has priced $1 billion in 0% convertible senior notes due 2027, with an option for an additional $150 million. The sale is scheduled to close on April 30, 2021. These notes will not accrue interest and are expected to provide approximately $988.3 million in net proceeds, intended for general corporate purposes and capped call transactions. The initial conversion price stands at approximately $89.25 per share, a 47.5% premium over Snap's recent stock price. The company aims to manage dilution and may redeem the notes after May 5, 2024, under specific conditions.
Snap Inc. (NYSE: SNAP) plans to offer $1 billion in convertible senior notes due 2027 through a private placement for qualified institutional buyers. An additional $150 million may be purchased at the initial purchasers' option. Proceeds will be allocated for corporate purposes such as working capital and potential acquisitions. These notes are unsecured, accrue interest semiannually, and are convertible under certain conditions. Snap will engage in capped call transactions to reduce dilution risk. The notes have not been registered under the Securities Act.
Snap Inc. (NYSE: SNAP) reported Q1 2021 revenue of $770 million, a 66% increase year-over-year. Although the net loss was reduced to $(287) million from $(306) million, the company achieved its first positive Free Cash Flow of $126 million. Daily Active Users (DAUs) rose by 22% to 280 million. Significant product innovations were highlighted, including over 125 million users engaging with Spotlight. However, operating loss remained a concern at $(304) million. Snap's focus on expanding content offerings and augmented reality capabilities continues to drive user engagement.
Snap Inc. collaborates with the Los Angeles County Museum of Art (LACMA) to unveil Monumental Perspectives, a multi-year initiative featuring augmented reality monuments celebrating Los Angeles' diverse histories. The project introduces five immersive artworks accessible via Snapchat, including contributions from artists like Mercedes Dorame and I.R. Bach. These virtual installations can be experienced at various locations in Los Angeles and online at lacma.org/monumental. Supported by the Mellon Foundation, this initiative aims to transform public commemorative spaces.
Snap Inc. (NYSE: SNAP) will host its quarterly conference call on April 22, 2021, at 2:00 p.m. PT to discuss the first quarter 2021 financial results. Investors can access a live webcast and subsequent replay on Snap Inc.’s Investor Relations website for at least 90 days. Snap Inc. focuses on reinventing the camera, aiming to enhance how people live, communicate, and express themselves.
Snap Inc. (NYSE: SNAP) announced that Co-Founder and CEO Evan Spiegel will speak at the Morgan Stanley Technology, Media & Telecom Virtual Conference on March 3, 2021, at 11:00 a.m. Pacific Time. This session will focus on Snap's vision of reinventing the camera to enhance communication and expression. Investors can access a live webcast and replay on Snap's Investor Relations website for 90 days. For more details, visit investor.snap.com.
Snap Inc. (NYSE: SNAP) will host its Snap Partner Summit virtually on May 20, 2021. The event will feature a keynote by co-founders Evan Spiegel and Bobby Murphy, alongside other company leaders. Key announcements will focus on new products, features, and partnerships related to Snap's augmented reality and platforms aimed at creators and developers. The event starts at 9:45 a.m. PT, with the keynote at 10:00 a.m. PT. A replay will be available for 90 days on Snap's Investor Relations site and YouTube channel.
Snap Inc. (NYSE: SNAP) has filed its Annual Report on Form 10-K for the year ending December 31, 2020, with the SEC. This report includes the company's audited financial statements and is available for public access at investor.snap.com and www.sec.gov. Shareholders can request a printed copy by writing to the Corporate Secretary at Snap Inc.'s Santa Monica, California office. Snap Inc. aims to reinvent the camera to enhance communication and human progress.
Snap Inc. reported its Q4 2020 financial results showing a 62% revenue growth to $911 million year-over-year. Operating cash flow improved by $14 million to $(53) million, while free cash flow decreased by 9% to $(69) million. Net loss narrowed to $(113) million, down 53% from the previous year. Daily active users (DAUs) rose to 265 million, an increase of 22%. The company achieved its first full year of Adjusted EBITDA profitability and is optimistic about future investments in augmented reality and content.
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