Snap Inc-A 2024年度报告

FORM 10-K______________________________________________________ (Mark One) ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024OR ☐TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROMTO Commission File Number 001-38017______________________________________________________ Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.Yes☐No☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☐ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the Registrant was required to submit such files). Yes☐No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,asmaller reporting company,or emerging growth company.See the definition of“large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessmentof the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☐ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant,based on the closing price of the shares of Class A common stock on the New York Stock Exchange on June 28,2024, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately$21.5 billion. As of January 31, 2025, the Registrant had 1,442,210,767 shares of Class A common stock, 22,523,290 shares ofClass B common stock, and 231,626,943 shares of Class C common stock outstanding. Auditor Firm Id: 42Auditor Name: Ernst & Young LLPAuditor Location: Los Angeles, CA, United States Tableof Contents TABLE OF CONTENTS Note Regarding Forward-Looking StatementsRisk Factor SummaryNote Regarding User Metrics and Other Data PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer55 Purchases of Equity SecuritiesItem 6.Reserved56Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations57Item 7A.Quantitative and Qualitative Disclosures About Market Risk75Item 8.Financial Statements and Supplementary Data77Item 9.Changes in and Disagreements With Accountants on Accounting and FinancialDisclosure116Item 9A.Controls and Procedures116Item 9B.Other Information117Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections117 PART III Item 10.Directors, Executive Officers and Corporate Governance118Item 11.Executive Compensation124Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters140Item 13.Certain Relationships and Related Transactions, and Director Independence143Item 14.Principal Accountant Fees and Services146 PART IV Item 15.Exhibit and Financial Statement Schedules147Item 16.Form 10-K Summary150Signatures151ii Tableof Contents NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-loo