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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Rich Greenfield | LightShed Partners | 9 questions · 11% challenging |
| Ross Sandler | Barclays | 7 questions · 14% challenging |
| Dan Salmon | New Street Research | 6 questions · 0% challenging |
| Mark Shmulik | Bernstein | 6 questions · 0% challenging |
| Eric Sheridan | Goldman Sachs | 4 questions · 0% challenging |
| Doug Anmuth | JPMorgan | 4 questions · 0% challenging |
| Shweta Khajuria | Wolfe Research | 3 questions · 0% challenging |
| Benjamin Black | Deutsche Bank | 3 questions · 0% challenging |
| James Heaney | Jefferies | 2 questions · 0% challenging |
| Justin Post | Bank of America | 2 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| LightShed Partners | 1 analyst | 9 questions · 11% challenging |
| Barclays | 1 analyst | 7 questions · 14% challenging |
| Bernstein | 1 analyst | 6 questions · 0% challenging |
| New Street Research | 1 analyst | 6 questions · 0% challenging |
| JPMorgan | 1 analyst | 4 questions · 0% challenging |
| Goldman Sachs | 1 analyst | 4 questions · 0% challenging |
| Bank of America | 2 analysts | 3 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 3 questions · 0% challenging |
Snap returned to double-digit growth in Q1, with GAAP revenue up 12% year-over-year to $1.53 billion as other revenue jumped 87% to $285 million on Snapchat+, Memories Storage and Lens+, while advertising rose just 3% to $1.24 billion against a persistent large-advertiser headwind in North America. Daily active users returned to growth at 483 million, up 5% year-over-year, and adjusted gross margin improved 3 points to 57% as adjusted EBITDA climbed $125 million to $233 million, narrowing the net loss to $89 million from $140 million a year earlier. Management paired the results with an April restructuring expected to cut the annualized cost structure by more than $500 million in the second half, carrying $95 million to $130 million of restructuring charges, and it was CFO Derek Andersen's final earnings call. Guidance was for Q2 revenue of $1.52 billion to $1.55 billion, reflecting a diminished FX tailwind, a full-quarter Middle East headwind and the wind-down of the Perplexity relationship. The quarter showed real proof points on subscription momentum and cost discipline, offset by early and uneven recovery among large North America advertisers and ongoing regulatory scrutiny.
Revenue Growth | Demand | Product Launch | Subscriber Growth | Innovation & R&D | Margin | Cloud & AI | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 4 | 3 | 2 | ||||
| 2025Q1 | 4 | 5 | 3 | 1 | 1 | 1 | ||
| 2025Q2 | 4 | 2 | 2 | 3 | 2 | 1 | 1 | 2 |
| 2025Q3 | 3 | 1 | 1 | 1 | 2 | 2 | 1 | |
| 2025Q4 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | |
| 2026Q1 | 3 | 2 | 2 | 2 | 2 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2 | 4 | 4 | 3 | 3 | |
| Demand | 4 | 5 | 2 | 1 | 1 | 2 |
| Product Launch | 3 | 3 | 2 | 1 | 2 | 2 |
| Subscriber Growth | 2 | 1 | 3 | 2 | 2 | |
| Innovation & R&D | 2 | 1 | 2 | 2 | ||
| Margin | 1 | 1 | 2 | 2 | ||
| Cloud & AI | 1 | 1 | 2 | 1 | 1 | |
| Capital Allocation | 2 | 1 | 1 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.56B | +14.4% | $0.01 | +103.5% | -1.7% | 0.6% | $182M |
| FY2025 Q1 | $1.36B | +14.1% | $-0.08 | +56.7% | -14.2% | -10.2% | $114M |
| FY2025 Q2 | $1.34B | +8.7% | $-0.16 | -6.7% | -19.3% | -19.5% | $24M |
| FY2025 Q3 | $1.51B | +9.8% | $-0.06 | +33.8% | -8.5% | -6.9% | $93M |
| FY2025 Q4 | $1.72B | +10.2% | $0.03 | — | 2.9% | 2.6% | $206M |
| FY2026 Q1Selected | $1.53B | +12.1% | $-0.05 | +36.0% | -4.9% | -5.8% | $286M |
| FY2026 Q2 | $1.60B | +18.9% | $-0.10 | +37.5% | -10.7% | -10.3% | $121M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call May 6, 2026
FY2026 Q1 in brief
Snap returned to double-digit growth in Q1, with GAAP revenue up 12% year-over-year to $1.53 billion as other revenue jumped 87% to $285 million on Snapchat+, Memories Storage and Lens+, while advertising rose just 3% to $1.24 billion against a persistent…
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Snap Inc. (SNAP), FY2026 Q1: 7/10. Scores: Snap Inc.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: SNAP daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
GAAP revenue YoY +12.2% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What SNAP and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Can you also talk to the Qualcomm collaboration and how to think about what that means”
An analyst asks about Snap's Qualcomm collaboration for the Specs platform, implying Qualcomm supplies silicon for Snap's AR hardware.
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|---|---|---|---|
SNAP Snap Inc. | 7 | +12.2% | |
| DASH DoorDash | 7 | +33.1% | |
| EVER EverQuote, Inc. | 8 | +14.5% | |
| GOOGL Alphabet Inc. | 9 | +21.8% | |
| MAX MediaAlpha, Inc. | 8 | +17.3% | |
| META Meta Platforms, Inc. | 8 | +33.1% | |
| NBIS Nebius Group N.V. | 8 | +621.5% | |
| PINS Pinterest, Inc. | 8 | +17.8% | |
| RDDT Reddit, Inc. | 9 | +69.1% | |
| SPOT Spotify Technology S.A. | 8 | +8.2% | |
| YELP Yelp Inc. | 6 | +0.8% |