当前位置:首页 >财报库 > 报告详情

【Snapchat母公司】 Snap Inc.(SNAP)2025年10-K年度报告「NYSE」(英文版)(179页).pdf

上传人: 1****1 编号:1123431 2026-02-11 179页 1.94MB

下载:

1、Table of ContentsUNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549_FORM 10-K_(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31,2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES E

2、XCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROM TOCommission File Number 001-38017_SNAP INC.(Exact name of registrant as specified in its charter)_Delaware45-5452795(State or other jurisdiction ofincorporation or organization)(I.R.S.EmployerIdentification No.)3000 31st Street,Santa Monica,Californ

3、ia 90405(Address of principal executive offices,including zip code)(310)399-3339(Registrants telephone number,including area code)_Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredClass A Common Stock,par value$0.0

4、0001 per shareSNAPNew York Stock ExchangeSecurities registered pursuant to Section 12(g)of the Act:NoneIndicate by check mark if the Registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes No Indicate by check mark if the Registrant is not required to file reports

5、 pursuant to Section 13 or 15(d)of the Act.Yes No Indicate by check mark whether the Registrant:(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding12 months(or for such shorter period that the Registrant was required to file

6、 such reports),and(2)has been subject to such filing requirements for the past 90 days.Yes No Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(232.405 of this chapter)during the prec

word格式文档无特别注明外均可编辑修改,预览文件经过压缩,下载原文更清晰!
三个皮匠报告文库所有资源均是客户上传分享,仅供网友学习交流,未经上传用户书面授权,请勿作商用。
1. **公司定位与业务**:Snap Inc.是技术公司,核心产品为Snapchat,主打视觉消息和增强现实(AR)体验,通过广告(占比近100%)和订阅服务(Snapchat+等)盈利。 2. **用户数据**:2025年日均活跃用户(DAU)未直接披露,但强调用户增长受网络连接影响(如Rest of World市场可能低估),平均每用户收入(ARPU)按地域分配。 3. **风险与挑战**:高度依赖广告(受隐私法规、竞争影响),依赖谷歌、苹果等合作伙伴,面临激烈竞争(如Meta、TikTok),且双创始人控制超99%投票权。 4. **技术投入**:重点发展AR技术(如Lens Studio)、广告平台及基础设施,2025年员工约5261人,54%为工程师。 5. **财务与合规**:曾盈利但历史有亏损,需应对隐私合规(如FTC协议)及季节性波动(Q4收入通常最高)。
隐私如何保障? 广告效果如何? 竞争优势在哪?
客服
商务合作
小程序
服务号
折叠