"Snap also pointed to an expanded Qualcomm collaboration, growth in Specs Lens creation, and use cases across learning, gaming and AI-powered experiences."
Revenue increased 12% year-on-year to $1.53 billion, and daily active users returned to growth at 483 million. Adjusted EBITDA more than doubled to $233 million, and free cash flow rose to $286 million. Net loss narrowed to $89 million. Snap framed the quarter as evidence of operating discipline and stronger engagement. Strategically, Snap continues betting on Specs, its augmented reality glasses aimed at competing for the next consumer computing interface. Snap reaffirmed commitment to intelligent eyewear and plans to share more at AWE on June 16. Snap cited expanded Qualcomm collaboration, growth in Specs Lens creation, and use cases spanning learning, gaming, and AI-powered experiences.
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