Snap Inc - Ordinary Shares - Class A

**Strong Revenue Growth**: Snap Inc. reported Q3 2024 total revenue of $1.37 billion, a 15% year-over-year increase, with advertising revenue at $1.25 billion, up 10% YOY. The growth was primarily driven by direct response (DR) advertising, which increased 16% year-over-year.

**User Engagement and Community Growth**: Daily active users (DAUs) reached 443 million, up 37 million from the previous year, demonstrating effective engagement strategies. The introduction of the "Simple Snapchat" interface has shown promising early results in enhancing engagement, particularly among new and casual users.

**Financial Discipline and Profitability**: The company achieved an adjusted EBITDA of $132 million in Q3, significantly up from $40 million year-over-year. Net loss was reduced to $153 million, down 58% YOY, reflecting improved cost management and operational efficiencies.