Snap Inc. () JPMORGAN's 52nd Annual Global Technology, Media and Communications Conference May 20, 2024 5:10 PM ET
Company PARTIPANTS
Evan Spiegel -Co -Founder and Chief Executive Office
Conference call participants
Doug anmuth -jpmorgan
Doug anmuth
All right. We're GOING to go ahead and get started. I'm Doug Anmuth, jpmorgan's internet analyst. We're please to have with us snap co-Founder and CEO, EVAN SP iegel.Chennai Stock
Snap is a technology company that levels the carera to improve the way people live and communicate. The Company has more than 420 miss daily action users, 800 m Illion Monthlies.
We Expect Snap to have more than $ 5.3 Billion in Revenue This year, The Bulk of Which is Advertising, but there is all is a nice emits in [snap+] (pH). with more than 9 million subcribers.
Evan cofounded snap in 2011, while studying at stanford. Welcome, Evan.
Evan Spiegel
That you so much. Great to be here.
Doug anmuth
So, WERE You Here Two Years AGO?
Evan Spiegel
TWO Years AGO, a Fateful 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 off when You are along this path?
Evan Spiegel
Yes, absolutely. So, We Made a Lot of Progress in the last two year. They we very disctive for our business, when it was the platform court or OBV. IOUSLY The Changing Macroeeconomic Environment, Increased CompetitionLucknow Stock. And so, it beCame very,Very Clear that we need to movely to improve our performance adjing platform.
Historically, We've Had Direct Response Advertising, but our business wasdned " Th Large Advertising Partners. So, We Really Needed to Diversify Our Business and Reach Smaller and Medium-size businesses, and we
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