Snap Inc. Shares Drop Over 10% Following Third-Quarter Revenue and User Miss
Snap Inc. (SNAP) shares experienced a significant decline of over 10% following its third-quarter earnings report, which missed analyst expectations for both revenue and daily active users. While the company reported $1.72 billion in revenue against an expected $1.73 billion, it did see a year-over-year sales increase of 14% and improved net income to $56 million from a prior year loss. Despite the immediate miss, Snap provided optimistic fourth-quarter guidance, projecting revenue between $1.95 billion and $1.99 billion, which sits above Wall Street estimates. Additionally, the company announced a strategic shift in its reporting metrics, stating that globally monthly active users (MAU) will become its primary audience metric starting in the first quarter of 2027 to better align with long-term community value.
Tickers: $SNAP
Topics: earnings miss revenue guidance stock price volatility user metrics
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