SNAP Stock Q1 2026 Earnings Breakdown: The Good, The Bad, and The Ugly

• Revenue: $1.53 billion (up 12% YoY), beating analyst estimates of $1.52 billion.
• Earnings Per Share (EPS): Adjusted loss of -$0.05, significantly better than the expected -$0.08 loss.
• Adjusted EBITDA: More than doubled year-over-year to $233 million, demonstrating the effectiveness of recent restructuring and cost-cutting measures.
• Free Cash Flow: A robust $286 million, proving Snap can generate cash even while reporting net accounting losses.