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.

Richard Greenfield

LightShed Partners

8 questions for SNAP

Also covers: NFLX, PARA, PINS +7 more

Daniel Salmon

New Street Research

7 questions for SNAP

Also covers: MTCH, NFLX, PINS +2 more

Ross Sandler

Barclays

7 questions for SNAP

Also covers: AMZN, CART, DASH +13 more

Mark Shmulik

Bernstein

6 questions for SNAP

Also covers: GOOGL, META, PINS +1 more

Benjamin Black

Deutsche Bank AG

5 questions for SNAP

Also covers: APP, BMBL, COMP +10 more

Eric Sheridan

Goldman Sachs

4 questions for SNAP

Also covers: ABNB, ACVA, AMZN +42 more

Justin Post

Bank of America Corporation

4 questions for SNAP

Also covers: ABNB, AMZN, BKNG +8 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

James Heaney

Jefferies

2 questions for SNAP

Also covers: AOS, APP, EA +11 more

Justin Patterson

KeyBanc Capital Markets

2 questions for SNAP

Also covers: ABNB, ANGI, CART +13 more

Ken Gawrelski

Wells Fargo

2 questions for SNAP

Also covers: META, RBLX

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 Reports Strong Q4 2025 Results and Outlines 2026 Strategic Focus

SNAP

Earnings

Revenue Acceleration/Inflection

Guidance Update

Snap reported strong Q4 2025 financial results, with total revenue reaching $1.72 billion, a 10% year-over-year increase, driven by advertising revenue of $1.48 billion (up 5% year-over-year) and other revenue of $232 million (up 62% year-over-year). The company achieved a 59% adjusted gross margin and net income of $45 million.
The platform's monthly active users reached 946 million, nearing its goal of 1 billion, while subscribers grew 71% year-over-year to 24 million in Q4 2025. Additionally, total active advertisers increased 28% year-over-year.
Snap is pivoting towards profitable growth, evidenced by a new $500 million share repurchase program and a focus on the commercial launch of Specs in 2026. For Q1 2026, the company provided revenue guidance of $1.5 billion-$1.53 billion and Adjusted EBITDA guidance of $170 million-$190 million.

2 days ago

Transcript

Snap Inc. Reports Strong Q4 2025 Results with Revenue Growth and Net Income Profitability

SNAP

Earnings

Revenue Acceleration/Inflection

Share Buyback

Snap Inc. reported Q4 2025 total revenue of $1.72 billion, marking a 10% year-over-year increase, driven by 5% growth in advertising revenue to $1.48 billion and 62% growth in other revenue to $232 million.
The company achieved net income of $45 million in Q4 2025, a significant improvement from $9 million in the prior year, and its adjusted gross margin reached 59%, nearing its near-term goal of 60%.
Snapchat+ subscribers grew 71% year-over-year to 24 million in Q4 2025, contributing to the diversification of revenue streams and gross margin expansion.
For Q1 2026, Snap Inc. provided revenue guidance of $1.5 billion-$1.53 billion and Adjusted EBITDA guidance of $170 million-$190 million.
Snap Inc. authorized a new $500 million share repurchase program and is focused on profitable growth, including the commercial launch of Specs in 2026 and aligning infrastructure costs with monetization potential.

2 days ago

Transcript

Snap Reports Q4 2025 Financial Results and 2026 Outlook

SNAP

Earnings

Guidance Update

Share Buyback

Snap reported Q4 2025 total revenue of $1.72 billion, an increase of 10% year-over-year, with advertising revenue growing 5% to $1.48 billion and other revenue surging 62% to $232 million.
The company achieved net income of $45 million and Adjusted EBITDA of $358 million in Q4 2025, while adjusted gross margin reached 59%.
Snap is focused on profitable growth, aiming to exceed 60% gross margins in 2026, and plans the commercial launch of its augmented reality product, Specs, in 2026.
For Q1 2026, Snap anticipates revenue between $1.5 billion and $1.53 billion and Adjusted EBITDA between $170 million and $190 million.
A new $500 million share repurchase program has been authorized.

2 days ago

Transcript

SNAP Announces Q4 2025 Results

SNAP

Earnings

Revenue Acceleration/Inflection

Share Buyback

SNAP reported Q4 2025 revenue of $1,716 million, an increase of 10% year-over-year, with net income of $45 million and Adjusted EBITDA of $358 million.
Global monthly active users (MAU) grew 6% year-over-year to 946 million in Q4 2025, with average revenue per user (ARPU) reaching $3.62.
The company generated operating cash flow of $270 million and Free Cash Flow of $206 million in Q4 2025, ending the period with $2.9 billion in cash, cash equivalents, and marketable securities.
Key growth drivers included an 89% year-over-year increase in revenue from In-App Optimizations and a 62% increase in Other Revenue to $232 million, supported by a 71% rise in subscribers to 24 million.
SNAP repurchased 29.4 million shares in Q4 2025.

2 days ago

Presentation

Snap Inc. Announces Q4 and Full Year 2025 Financial Results, Authorizes Share Repurchase

SNAP

Earnings

Share Buyback

Guidance Update

Snap Inc. reported Q4 2025 revenue of $1,716 million, a 10% increase year-over-year, contributing to full-year 2025 revenue of $5,931 million, up 11% year-over-year.
In Q4 2025, the company achieved net income of $45 million and Adjusted EBITDA of $358 million, with a gross margin of 59%. For the full year 2025, Adjusted EBITDA was $689 million.
The board of directors authorized a stock repurchase program of up to $500 million of its Class A common stock, supported by $2.9 billion in cash, cash equivalents, and marketable securities as of December 31, 2025.
Global monthly active users (MAU) reached 946 million in Q4 2025, a 6% increase year-over-year. The company provided Q1 2026 revenue guidance of $1.50 billion to $1.53 billion and plans for the public launch of Specs in 2026.

2 days ago

8-K

Snap Announces Fourth Quarter and Full Year 2025 Financial Results

SNAP

Earnings

Share Buyback

New Projects/Investments

Snap Inc. reported Q4 2025 revenue of $1,716 million, marking a 10% year-over-year increase, and full-year 2025 revenue of $5,931 million, an 11% increase year-over-year.
For Q4 2025, the company achieved net income of $45 million and Adjusted EBITDA of $358 million, with Free Cash Flow of $206 million. Full-year 2025 results included a net loss of $460 million, Adjusted EBITDA of $689 million, and Free Cash Flow of $437 million.
The board of directors authorized a stock repurchase program of up to $500 million of its Class A common stock, which will be funded from existing cash and cash equivalents. As of December 31, 2025, Snap had $2.9 billion in cash, cash equivalents, and marketable securities.

2 days ago

Press Release

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%.

Jan 28, 2026, 2:24 PM

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.