How much revenue did Snap Inc. report for the year 2021?

Snap Inc. reported $4.12 billion in revenue for the year 2021. Its Form 10-K gives the precise figure as $4,117,048,000, which rounds to $4.12 billion.

The result represented a major increase over 2020, when Snap reported $2,506,626,000 in revenue. Year over year, revenue rose by about 64 percent, reflecting growth in advertisers, advertising demand, and improvements in Snap’s auction-based advertising system.

Advertising was Snap’s primary source of revenue. Its products included Snap Ads and augmented-reality advertising, while hardware sales were not material during the period. Revenue was also reported geographically, with North America contributing about $2.87 billion, Europe about $660 million, and the rest of the world about $585 million.

Revenue should not be confused with profit. Despite the strong sales growth, Snap reported a net loss of roughly $488 million for 2021. The company did, however, describe 2021 as its first full year of positive operating cash flow and free cash flow.