SNAP - Snap Inc. (SNAP) JPMorgan's 52nd Annual Global Technology Media and Communications Conference (Transcript)
2024-05-20 19:13:08 ET
Snap Inc. (SNAP)
JPMorgan’s 52nd Annual Global Technology, Media and Communications Conference
May 20, 2024 05:10 PM ET
Company Participants
Evan Spiegel - Co-Founder and Chief Executive Officer
Conference Call Participants
Doug Anmuth - JPMorgan
Presentation
Doug Anmuth
All right. We're going to go ahead and get started. I'm Doug Anmuth, JPMorgan's Internet analyst. We're pleased to have with us Snap Co-Founder and CEO, Evan Spiegel.
Snap is a technology company that leverages the camera to improve the way people live and communicate. The Company has more than 420 million daily active users, 800 million monthly.
We expect Snap to have more than $5.3 billion in revenue this year, the bulk of which is advertising, but there's also a nice emerging business in Snaps with more than 9 million subscribers. Evan cofounded Snap in 2011, while studying at Stanford.
Welcome, Evan.
Evan Spiegel
Thank you so much. Great to be here.
Doug Anmuth
So were you here two years ago?
Evan Spiegel
Two years ago, a faithful day.
Doug Anmuth
Okay. A lot has changed in the business since then. Maybe you can start by talking about how the team has changed, how the ad platform has changed and kind of where you are along this path?...
Snap Inc. (SNAP) JPMorgan's 52nd Annual Global Technology, Media and Communications Conference (Transcript)