Snap (SNAP) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Snap.

Analyst Coverage

Research analysts who have asked questions during Snap earnings calls.

Mark Shmulik

Bernstein

6 questions for SNAP

Also covers: GOOGL, META, PINS +1 more

Richard Greenfield

LightShed Partners

6 questions for SNAP

Also covers: NFLX, PARA, PINS +7 more

Daniel Salmon

New Street Research

5 questions for SNAP

Also covers: MTCH, NFLX, PINS +2 more

Ross Sandler

Barclays

5 questions for SNAP

Also covers: AMZN, CART, DASH +13 more

Justin Post

Bank of America Corporation

4 questions for SNAP

Also covers: ABNB, AMZN, BKNG +8 more

Benjamin Black

Deutsche Bank AG

3 questions for SNAP

Also covers: APP, BMBL, COMP +10 more

Kenneth Gawrelski

Wells Fargo & Company

3 questions for SNAP

Also covers: ABNB, BKNG, CART +12 more

Mark Mahaney

Evercore ISI

3 questions for SNAP

Also covers: ABNB, AMZN, BKNG +22 more

Shweta Khajuria

Wolfe Research, LLC

3 questions for SNAP

Also covers: BMBL, CART, CHWY +14 more

Douglas Anmuth

JPMorgan Chase & Co.

2 questions for SNAP

Also covers: ABNB, AMZN, BKNG +17 more

Eric Sheridan

Goldman Sachs

2 questions for SNAP

Also covers: ABNB, ACVA, AMZN +42 more

James Heaney

Jefferies

2 questions for SNAP

Also covers: AOS, APP, EA +10 more

Deepak Mathivanan

Cantor Fitzgerald

1 question for SNAP

Also covers: ABNB, CART, DASH +9 more

Michael Morris

Guggenheim Securities

1 question for SNAP

Also covers: SPOT, WMG

Thomas Champion

Piper Sandler

1 question for SNAP

Also covers: ANGI, EBAY, EXPE +7 more

Latest news

Recent press releases and 8-K filings for SNAP.

Snap Establishes Specs Inc. Subsidiary for Smart-Glasses Business

SNAP

Product Launch

New Projects/Investments

M&A

Snap is spinning off its smart-glasses business as Specs Inc., a wholly-owned subsidiary, to gain operational focus, enable partnerships, and create a clearer valuation and distinct brand.
This strategic move precedes the public launch of its next-generation Spectacles later this year, which are currently offered as a $99-per-month subscription aimed at developers and creators.
Specs are designed with see-through lenses to overlay 3D digital objects onto the real world, featuring an "Intelligence System" to assist users while prioritizing privacy.
Snap will face intense competition in the smart-glasses market, where Meta Platforms currently commands approximately 73%.

6 days ago

Bloomberg

Circana Research Highlights SNAP Household Spending Trends

SNAP

SNAP households spend 23% more per household on CPG food and beverages than non-SNAP households, accounting for $336 billion in total CPG food and beverage spending.
These households make 29% more shopping trips compared to non-SNAP households.
75% of SNAP food and beverage spending is on name brands.
Food retailers account for the largest share of SNAP channel dollar spend at 46%.

Dec 3, 2025, 2:05 PM

Press Release

Snap Enters $400M AI Search Integration Deal

SNAP

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

Snap Inc. has entered a $400 million deal with Perplexity AI to integrate its conversational AI search engine into Snapchat's chat interface by early 2026, with revenue recognition for Snap starting in 2026.
This partnership aims to enhance Snapchat's AI capabilities, complementing its existing My AI chatbot, and provides Perplexity access to Snapchat's nearly 1 billion monthly users.
Snapchat's daily active users (DAUs) reached 477 million globally by Q3 2025, an 8% increase, though a decline is expected in Q4 due to age verification and regulatory challenges.
Snap CEO Evan Spiegel also indicated plans to spin off its next-generation AR glasses, "Specs," into a wholly owned subsidiary to explore partnerships with hardware manufacturers.

Nov 6, 2025, 10:17 AM

Bloomberg

Snap Inc. Reports Q3 2025 Financial Results

SNAP

Earnings

Guidance Update

New Projects/Investments

Snap Inc. reported Q3 2025 revenue of $1.51 billion, a 10% year-over-year increase, with adjusted EBITDA of $182 million and $93 million in free cash flow.
The company's net loss was reduced by over 30% year-over-year to $104 million.
Daily Active Users (DAU) grew 8% year-over-year to 477 million, and Monthly Active Users (MAU) increased 7% year-over-year to 943 million.
"Other revenue," primarily from Snapchat+ subscriptions, increased 54% year-over-year to $190 million, with subscribers approaching 17 million.
Snap expects Q4 2025 revenue between $1.68 billion and $1.71 billion, implying 8%-10% year-over-year growth, but anticipates a potential decline in overall DAU due to internal monetization initiatives and external regulatory factors.

Nov 5, 2025, 10:00 PM

Transcript

Snap Inc. Reports Strong Q3 2025 Revenue Growth and Profitability Improvements

SNAP

Earnings

Guidance Update

Revenue Acceleration/Inflection

Snap Inc. reported Q3 2025 revenue of $1.51 billion, marking a 10% year-over-year increase, driven by improved advertising demand and a 54% year-over-year increase in other revenue to $190 million.
The company's community reached 477 million daily active users (DAU), an 8% year-over-year increase, and 943 million monthly active users (MAU), up 7% year-over-year.
Snap delivered $182 million in adjusted EBITDA and $93 million in free cash flow in Q3 2025, while reducing its net loss by more than 30% year-over-year to $104 million.
For Q4 2025, Snap provided revenue guidance between $1.68 billion and $1.71 billion, implying 8% to 10% year-over-year growth, and adjusted EBITDA guidance between $280 million and $310 million.
A new $500 million share repurchase program was authorized, and a partnership with Perplexity AI is expected to contribute $400 million in revenue over one year starting in 2026.

Nov 5, 2025, 10:00 PM

Transcript

Snap Inc. Reports Strong Q3 2025 Results and Provides Q4 Guidance

SNAP

Earnings

Revenue Acceleration/Inflection

Share Buyback

Snap Inc. reported Q3 2025 revenue of $1.51 billion, marking a 10% year-over-year increase, with daily active users reaching 477 million, up 8% year-over-year.
The company delivered $182 million in adjusted EBITDA and $93 million in free cash flow in Q3 2025, while reducing its net loss by over 30% year-over-year to $104 million.
Revenue growth was driven by improved advertising demand, particularly in direct response, and a 54% year-over-year increase in other revenue to $190 million, largely from Snapchat+ subscribers approaching 17 million.
For Q4 2025, revenue is projected to be between $1.68 billion and $1.71 billion, representing 8%-10% year-over-year growth, and adjusted EBITDA is estimated at $280 million to $310 million.
A new $500 million share repurchase program was authorized, and a partnership with Perplexity AI is expected to generate $400 million in revenue for Snap starting in 2026.

Nov 5, 2025, 10:00 PM

Transcript

Snap Inc. Announces Q3 2025 Results

SNAP

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Snap Inc. reported revenue of $1,507 million for Q3 2025, marking a 10% increase year-over-year.
The company's net loss improved to $104 million in Q3 2025, a 32% year-over-year improvement, and Adjusted EBITDA rose to $182 million.
Daily Active Users (DAU) reached 477 million, an 8% year-over-year increase, and Monthly Active Users (MAU) grew to 943 million, up 7% year-over-year in Q3 2025.
Operating cash flow was $146 million and Free Cash Flow was $93 million in Q3 2025.
"Other Revenue," primarily from Snapchat+ subscriptions, increased 54% year-over-year to $190 million in Q3 2025.

Nov 5, 2025, 10:00 PM

Presentation

Snap Inc. Announces Q3 2025 Financial Results and Q4 2025 Guidance

SNAP

Earnings

Guidance Update

Share Buyback

Snap Inc. reported Q3 2025 revenue of $1,507 million, an increase of 10% year-over-year, with a net loss of $104 million and Adjusted EBITDA of $182 million.
Daily Active Users (DAU) reached 477 million, an 8% year-over-year increase, and Monthly Active Users (MAU) grew 7% year-over-year to 943 million in Q3 2025.
For Q4 2025, the company anticipates revenue between $1.68 billion and $1.71 billion and Adjusted EBITDA between $280 million and $310 million.
A new $500 million share repurchase program was authorized, and a partnership with Perplexity AI is expected to generate $400 million in revenue over one year, starting in 2026.

Nov 5, 2025, 9:12 PM

8-K

Snap Partners with Perplexity for AI Integration

SNAP

New Projects/Investments

Revenue Acceleration/Inflection

Snap Inc. has partnered with Perplexity to integrate its AI-powered answer engine directly into Snapchat, marking the first large-scale integration of an external AI partner into the app.
Perplexity will pay Snap $400 million over one year through a combination of cash and equity upon global rollout, with revenue contributions expected to begin in 2026.
The integration, set to begin in early 2026, will provide Snapchat's community of nearly 1 billion monthly active users with a new way to ask questions and explore topics within the app.

Nov 5, 2025, 9:10 PM

Press Release

Snap Inc. Announces Q3 2025 Financial Results and Share Buyback Program

SNAP

Earnings

Share Buyback

Revenue Acceleration/Inflection

Snap Inc. reported Q3 2025 revenue of $1,507 million, a 10% year-over-year increase, alongside a net loss of $104 million and Adjusted EBITDA of $182 million.
Daily Active Users (DAU) reached 477 million, up 8% year-over-year, while Monthly Active Users (MAU) grew 7% year-over-year to 943 million in Q3 2025.
The company generated $146 million in operating cash flow and $93 million in Free Cash Flow during Q3 2025.
The board authorized a stock repurchase program of up to $500 million of its Class A common stock.