Snap Inc. Reports Q3 2026 Profitability and 14% Revenue Growth
Snap Inc. (SNAP) delivered a strong third quarter in 2026, returning to profitability with a net income of $56 million, a significant turnaround from the previous year's loss. Total revenue rose 14% year-over-year to $1.72 billion, driven largely by high operating leverage where 93% of incremental revenue flowed through to adjusted EBITDA. The company also saw substantial growth in its subscription services and direct response advertising. Despite the positive earnings, the company faced headwinds in brand advertising due to macroeconomic pressures and reduced spending in the consumer packaged goods sector. User engagement remains on an upward trajectory, with daily active users reaching 495 million. Looking ahead, Snap provided optimistic Q4 revenue guidance between $1.95 billion and $1.985 billion.
Tickers: $SNAP
Topics: Advertising Revenue Net Income Improvement Revenue Growth Subscription Services User Growth