Snap Inc. Reports Q3 Revenue Growth and Provides Q4 Guidance
Snap Inc. (SNAP) reported third-quarter revenue of $1.72 billion, representing a 14% increase year-over-year. The company achieved positive net income during the quarter, driven by growth in its user base, which saw daily active users reach 495 million. Looking ahead, Snap provided Q4 revenue guidance in the range of $1.950 billion to $1.985 billion. Additionally, management announced a strategic shift in reporting metrics, stating they will transition primary audience reporting to Monthly Active Users (MAU) starting in Q1 2027.
Tickers: $SNAP
Topics: earnings report net income revenue growth user metrics