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  "documentTitle": "Snap Inc | Results Presentation Deck | 19 slides",
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  "authorName": "Snap Inc.",
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  "presentationDate": "2023-10-01 00:00:00",
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      "text": "REVENUE INCREASED 5% YoY TO $1,189 MILLION IN Q3 2023",
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      "text": "Revenue was $1,189 million in Q3 2023, compared to $1,128 million in Q3 2022, an increase of 5% year-over-year and 11% quarter-over-quarter. Average revenue per user was $2.93 in Q3 2023, compared to $3.11 in Q3 2022.",
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      "text": "Operating margin was (32)% in Q3 2023, compared to (39)% in Q3 2022. Adjusted gross margin was 54% in Q3 2023, compared to 61% in Q3 2022. Net loss was $368 million in Q3 2023, compared to $360 million in Q3 2022. Adjusted EBITDA was $40 million in Q3 2023, compared to $73 million in Q3 2022. Adjusted EBITDA margin was 3% in Q3 2023, compared to 6% in Q3 2022.",
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      "text": "Operating cash flow was $13 million in Q3 2023, compared to $56 million in Q3 2022. Free Cash Flow was $(61) million in Q3 2023, compared to $18 million in Q3 2022. Trailing twelve months operating cash flow was $207 million and trailing twelve months Free Cash Flow was $2 million in Q3 2023. Cash, cash equivalents, and marketable securities were $3.6 billion as of September 30, 2023.",
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