Snap Inc. (NYSE: SNAP) reported fourth quarter 2022 earnings results today.
Revenue of $1.3 billion remained relatively unchanged from the same period last year and was in line with expectations.
Net loss was $288 million, or $0.18 per share, compared to net income of $23 million, or $0.01 per share last year. Adjusted EPS declined 38% year-over-year to $0.14 but surpassed projections.
Daily active users increased 17% to 375 million from last year.
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