Can you provide more details about Snap’s revenue breakdown between its main platform and “Other Revenue”?

Snap’s first-quarter earnings exceeded analyst expectations as it reported a return to double-digit revenue growth, leading its shares surging over 23% in extended trading. Revenue increased by 21% compared to the same period last year and Snap is now growing at an accelerated pace after six consecutive quarters of single-digit sales or declines. The company’s advertising business has been revamped, which seems to be paying off as revenue growth was primarily driven by improvements in its platform alongside high demand for direct response advertisements according to the CEO’s letter sent out on Thursday evening. In fact, Snap’s CFO reported during their quarterly call with investors that they witnessed a much more robust brand environment across all regions in Q1 2023. Advertising revenue reached $1.11 billion for this particular period whilst “Other Revenue” – which is mainly driven by the success of Snapchat+ subscribers- hit an impressive increase of 194% year over year, allowing the platform to acquire a staggering amount of nearly nine million premium customers throughout Q1. While reporting an adjusted EBITDA in this particular period of $46 million versus estimates suggesting it would be at a loss of around $68m, Snap’s net loss has however shrunk to about -$305mn ($- 19c per share) from the previous year’s figure which stood at approximately $-329m. With respect to future prospects and targets, during its earnings report conference call Thursday evening CEO Evan Spiegel outlined how the Snap’ team sees potential long-term returns if certain conditions are met; these include a 10% YoY increase in DAUs for Q4 ’23 with infrastructure costs per daily active user falling between $0.83 to as low at ~$0.85 every quarter over what’s remaining this year. In the meantime, Snap has provided forecasting guidance which anticipates that it will report a revenue figure of somewhere around $1.23bn and $1.26bn in its Q2 earnings – compared against previous predictions of just below ~$1.22bn by analysts as per StreetAccount’s estimates; the company also expects adjusted EBITDA to fall between $15m and $45m, which is notably lower than earlier expectations set out by Wall St (~$15.5m). With respect to its DAU count, Snap reported 422 million daily active users in Q1 – an increase of around ten percent year over year; the company expects this figure will rise further still and reach approximately ~$431mn for Q2 ‘2023, just above what was forecast by analysts on StreetAccount. As previously mentioned Snap’ CEO Evan Spiegel also confirmed during their earnings call that headcount & personnel costs would “grow modestly” through the remainder of this year following a recent restructuring initiative where around 500 jobs were eliminated globally back in February ’23 – which is approximately ten percent of its workforce. Snap’s shares rose more than twenty-three per cent during after hours trading on Thursday evening, with the company having now posted accelerated growth as it works to rebuild and revamp a struggling advertising business that has been negatively impacted by broader market conditions in 2022.