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      "text": "CONSERVATIVE CAPITAL STRUCTURE: ~$3+ billion cash and cash equivalents consistently on the balance sheet and proactively addressing near-term convertible bond maturities.",
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      "text": "ADVANCING AUGMENTED REALITY: Early market leader in augmented reality – the next digital frontier.",
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      "text": "REVENUE GROWTH: A scaled ad platform and a robust ad product roadmap will deliver greater returns for advertisers.",
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      "text": "Snap Inc. internal data as of December 31, 2024. Penetration calculated as monthly active users (MAU) divided by 2024 population estimates per the 2024 United Nations World Population Prospects. Snap Inc. internal data Q2 2024. Reflects cash and cash equivalents and marketable securities.",
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