Snap Inc-A 2025年季度报告

Washington, D.C. 20549______________________________________ (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedMarch 31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ________to________Commission File Number:001-38017______________________________________ (Exact name of registrant as specified in its charter)______________________________________ Delaware (State or other jurisdiction ofincorporation or organizations) 3000 31st StreetSanta Monica,California90405(Address of principal executive offices, including zip code)(310)399-3339(Registrant's telephone, including area code)______________________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934(Exchange Act) during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch 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 be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such 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, a smaller reporting company, or anemerging growth company. See the definitions 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 extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. TABLE OF CONTENTS Note Regarding Forward-Looking StatementsNote Regarding User Metrics and Other Data PART I - FINANCIAL INFORMATION Item 1.Financial StatementsConsolidated Statements of Cash FlowsConsolidated Statements of OperationsConsolidated Statements of Comprehensive Income (Loss)Consolidated Balance SheetsConsolidated Statements of Stockholders’ EquityNotes to Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II - OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures 4546888888888990 Snap Inc., “Snapchat,” and our other registered and common-law trade names, trademarks, and service marks appearing in thisQuarterly Report on Form 10-Q are the property of Snap Inc. or our subsidiaries. NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about usand our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in thisreport, including statements regarding guidance, our future results of operations or financial condition, our future stock repurchase programsor stock dividends, business strategy and plans, user growth and engagement, product initiatives, objectives of management for futureoperations, and advertiser and partner offerings, are forward-looking statements. In some cases, you can identify forward-looking statementsbecause they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “going to,” “intend,”“may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms orexpressions. We caution you that the foregoing may not include all of the forward-looking statements made in this report. You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statementscontained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trends,including our financial outlook, macroeconomic uncertainty, and geo-political events and conflict