Snap Inc. (NYSE:SNAP) Q1 2024 Earnings Conference Call April 25, 2024 5:30 PM ET

Company Participants

David Ometer - Head, Investor Relations
Evan Spiegel - Chief Executive Officer & Co-Founder
Derek Andersen - Chief Financial Officer

Conference Call Participants

Doug Anmuth - JPMorgan
Ken Gawrelski - Wells Fargo
Rich Greenfield - LightShed Partners
Ross Sandler - Barclays
James Heaney - Jefferies
Michael Morris - Guggenheim
Benjamin Black - Deutsche Bank
Mark Shmulik - Bernstein
Dan Salmon - New Street Research

Operator

Good afternoon, everyone, and welcome to Snap Incorporated’s First Quarter 2024 Earnings Conference Call. At this time, participants are in a listen-only mode.

I would now like to turn the call over to David Ometer, Head of Investor Relations.

David Ometer

Thank you and good afternoon, everyone. Welcome to Snap’s first quarter 2024 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and Co-Founder; and Derek Andersen, Chief Financial Officer. Please refer to our Investor Relations' website at investor.snap.com to find today’s press release, slides, Investor Letter, and investor presentation.

This conference call includes forward-looking statements which are based on our assumptions as of today. Actual results may differ materially from those expressed in these forward-looking statements, and we make no obligation to update our disclosures.

For more information about factors that may cause actual results to differ materially from these forward-looking statements, please refer to the press release we issued today, as well as risks described in our most recent Form 10-Q, particularly in the section titled Risk Factors.

Today’s call will include both GAAP and non-GAAP measures. Reconciliations between the two can be found in today’s press release. Please note that when we discuss all of our expense figures, they will exclude stock-based compensation and related payroll taxes, as well as depreciation and amortization, and certain other items. Please refer to our filings with the SEC to understand how we calculate any of the metrics discussed on today’s call.

With that, I’d like to turn the call over to Evan.

Evan Spiegel

Hi, everyone, and thank you all for joining us. I'm excited to share the progress we are making on our strategic priorities and the momentum we are building to capitalize on the long-term potential of our business.

I'm deeply inspired by the dedication and efforts so many of our team members have put into serving our community and our partners, and it is gratifying to see our efforts beginning to bear fruit.