Snap (SNAP) Company Report

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.

Nov 5, 2025, 9:10 PM

Press Release

Snap Inc. Faces Securities Fraud Class Action Lawsuit

SNAP

Legal Proceedings

Demand Weakening

A class action lawsuit has been filed against Snap Inc..
The lawsuit covers a Class Period from April 29, 2025, to August 5, 2025.
The Lead Plaintiff Deadline is October 20, 2025.
Allegations include that Snap's optimistic reports of advertising growth and earnings potential were misleading, as they relied too heavily on execution ability, and the company was already experiencing execution errors when macroeconomic conditions were cited for lack of visibility.

Oct 15, 2025, 5:36 PM

Press Release

Snap Inc. Faces Class Action Lawsuit

SNAP

Legal Proceedings

A securities class action lawsuit has been filed against Snap Inc. and certain senior executives.
The lawsuit alleges that the company provided a misleading view of its digital advertising platform and growth prospects.
The lawsuit covers investors who purchased shares between April 29, 2025, and August 5, 2025.
The filing of the lawsuit follows a sharp decline in Snap Inc.'s stock price after its second-quarter financial results.

Oct 15, 2025, 6:11 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Snap.