Snap Q2 Guidance In-Line, Shares Down 3%

Snap posted Q1 loss of $0.05 per share, beating consensus of $0.08, with revenue up 12% YoY to $1.53 bn, slightly above estimates.
Adjusted EBITDA rose to $233 m (vs $108 m prior year) and free cash flow jumped 150% to $286 m.
Daily active users grew 5% YoY to 483 m; monthly active users reached 956 m.
Shares fell 3% as Q2 revenue guidance $1.52‑$1.55 bn (midpoint $1.535 bn) was marginally below consensus $1.54 bn, with noted Middle East headwinds and no Perplexity contribution.