Snap Inc
outlook as we enter we anticipate continued robust growth in our global community and as a result our financial guidance for is built on the assumption that will reach million to million in from a revenue perspective our business remains in a period of rapid transition as we work to improve our advertising platform while forward visibility of advertising demand remains limited our guidance range for revenue reflects our best estimate of these factors with total revenue estimated to be between to million implying negative to flat year over year growth at this level of revenue we estimate that adjusted will be between negative million and negative million reflecting estimated infrastructure costs per of to in as we continue to invest in and other infrastructure to improve the performance of our platform drive content engagement and bring innovative product experiences to our community this forecast also assumes modest sequential growth as we continue to carefully calibrate our operating investments to focus on the inputs most essential to the acceleration of topline growth | Snap Inc
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July 2023
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15 of 20
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