Snap delivers first net income in years—$45M profit—as subscribers surge 71% and gross margins hit 59%. DAU dips as company pivots to profitability.

Snap Posts First Quarterly Net Profit in Years as 'Crucible Moment' Strategy Pays Off

Snap beats Q4 with $45M net income, 5x prior year. CEO Spiegel's pivot to profitable growth sacrifices 3M users for margin expansion.

Snap's Pivot to Profitability: Q4 Earnings Beat as Company Sacrifices User Growth for Margins

Snap creates Specs Inc. subsidiary for AR glasses, hiring 100+ roles ahead of consumer launch later this year to challenge Meta's Ray-Ban dominance.