Snap
Q1 2023 Earnings Call
Apr 27, 2023, 5:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, everyone, and welcome to Snap Inc.'s first quarter 2023 earnings conference call. [Operator instructions] I would now like to turn the call over to David Ometer, head of investor relations.
David Ometer -- Head of Investor Relations
Thank you and good afternoon, everyone. Welcome to Snap's first quarter 2023 earnings conference call. With us today are Evan Spiegel, chief executive officer and co-founder; Jerry Hunter, chief operating officer; 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 forward-looking statements, please refer to the press release we issued today, as well as risks described in our most recent Form 10-K, 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 nonrecurring charges. 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 -- Co-Founder and Chief Executive Officer
Hi, everyone, and thank you all for joining us. We began the year with an intense focus on growing our community, accelerating our revenue growth, and leading in augmented reality. Our community continues to grow, reaching 383 million daily active users in Q1, and we are working to deepen engagement with our content platform while building innovative new features and services. Our focus on visual communication between friends and family has distinguished our platform from other internet platforms.
And in Q1, we built on this core offering with the introduction of My AI, our new AI-powered chatbot. At our annual Snap Partner Summit, we made My AI available to Snapchatters around the world and launched a range of new features, including the ability to add My AI to a conversation with friends, offer place recommendations from the Snap Map, and suggest more relevant AR Lenses. We are excited about the opportunities we see for more innovation, especially as we look across our application at how AI can further enhance the Snapchatter experience. We are working to accelerate our revenue growth, and we are using this opportunity to make significant improvements to our advertising platform to help drive increased return on investment for our advertising partners.