Evan Spiegel

“Snapchat is now one of the largest internet communities in the world, approaching 1 billion people using our service every month. Over the past few years, we worked intensely to rebuild our monetization platform and improve our go-to-market strategy, and those efforts are producing stronger results.”

“We made meaningful progress on each of these priorities in Q1. Q1 marked a return to growth in daily active users, reaching 483 million, while monthly active users grew to 956 million.”

“Last fall, we embarked on a new chapter for our company with the articulation of the crucible moment faced by our business. At that time, we laid out our plans to accelerate and diversify our revenue growth, pivot our business toward more profitable growth, and deliver on the commercial launch of specs in 2026.”

“This clarity of purpose continues to drive durable growth. Our community reached 477 million daily active users, an increase of 34 million or 8 percent year-over-year, and 943 million monthly active users, an increase of 60 million or 7 percent year-over-year.”

“In Q2, we made exciting progress on our long-term strategy to grow our community, enhance value for advertisers, and invest in the future of augmented reality.”