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  "documentTitle": "Snap Inc | Results Presentation Deck | 22 slides",
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  "authorName": "Snap Inc.",
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  "presentationDate": "2024-10-01 00:00:00",
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  "notes": "Includes non-GAAP reconciliations in footnotes.",
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      "kind": "callout",
      "text": "REVENUE WAS $1,373 MILLION IN Q3 2024, AN INCREASE OF 15% YoY NO DEBT MATURING IN 2024 AND ONLY $36 MILLION MATURING IN 2025",
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      "text": "On a constant currency basis, the impact of foreign exchange rates on revenue was not material at less than 1% in Q3 2024. Constant currency revenue is a non-GAAP measure, see Appendix for further detail. Adjusted gross margin is a non-GAAP measure, which we define as GAAP revenue less adjusted cost of revenue divided by GAAP revenue. Adjusted cost of revenue is a non-GAAP measure and excludes stock-based compensation, payroll and other tax expense related to stock-based compensation, depreciation and amortization, and certain other items impacting net income (loss) from time to time. Adjusted EBITDA margin is a non-GAAP measure, which we define as Adjusted EBITDA divided by GAAP revenue. See Appendix for reconciliations of net loss to Adjusted EBITDA and net cash provided by (used in) operating activities to Free Cash Flow. Quarterly information is unaudited. Numbers throughout presentation may not foot due to rounding.",
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      "text": "Revenue was $1,373 million, compared to $1,189 million in the prior year, an increase of 15% year-over-year. Average revenue per user was $3.10, compared to $2.93 in the prior year.",
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      "text": "GAAP gross margin was 53%, compared to 53% in the prior year. Adjusted gross margin was 54%, compared to 54% in the prior year. Net loss was $153 million, compared to $368 million in the prior year. Adjusted EBITDA was $132 million, compared to $40 million in the prior year. Net loss margin was (11)%, compared to (31)% in the prior year. Adjusted EBITDA margin was 10%, compared to 3% in the prior year.",
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      "text": "Operating cash flow was $116 million, compared to $13 million in the prior year. Free Cash Flow was $72 million, compared to $(61) million in the prior year. Cash, cash equivalents, and marketable securities were $3.2 billion as of September 30, 2024.",
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      "text": "Third Quarter 2024 Financial Summary",
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