The tech company reported $1.3 billion in revenue and $288 million in net losses during the fourth quarter.
Inc. brought in $1.3 billion revenue and reported net losses amounting to $288 million to close out 2022 as it prepares for a worsening economy impacting its business.
“We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community,” Snap CEOThe fourth-quarter revenue results were essentially flat year over year, while the Q4 losses are a marked decline from the previous year, when Snap reported itsof $22.5 million since going public in 2017.
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