Q3 revenue rose 14% YoY to $1,722.5M; GAAP net income was $56.5M versus a $103.5M loss, and Adjusted EBITDA reached $382.6M.
Average MAUs and DAUs each grew 4% YoY to 977M and 495M; ARPU was $3.48, up 10%.
Daily messages sent increased 8% YoY; priorities include community safety, faster advertising growth, and stronger relationships, while advertising growth remained below ambitions.
Q3 revenue was $1,722.5M, up 14% YoY; total costs and expenses were $1.65B versus $1.64B.
Q3 operating income was $76.7M versus an operating loss of $128.4M; net income was $56.5M versus a net loss of $103.5M.
Q3 operating cash flow was $210.5M and Free Cash Flow was $164.5M, versus $146.5M and $93.4M YoY; 9M Free Cash Flow was $571.0M.
9M revenue increased to $4,850.3M from $4,210M; net loss narrowed to $196.4M from $505.7M.
Cash, cash equivalents, and marketable securities totaled $2.77B at quarter-end.
Q4 revenue guidance is $1.950B–$1.985B; Adjusted EBITDA guidance is $490M–$525M.
FY infrastructure cost outlook narrowed to $1.65B–$1.66B from $1.65B–$1.70B; Q4 infrastructure costs are expected to grow modestly YoY.
FY all other cost of revenue, excluding infrastructure, is expected to be 16%–17% of revenue.
SPECS investment is included in guidance and will be paced against product, ecosystem, and economic milestones.
Management cited cautious optimism about Q4 advertising acceleration; brand recovery initiatives are expected to gain traction during 2027.
AI chat
)
Automations
)
)
Live audio & transcripts
)
)
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
The Snapchat originator Snap Inc is a technology company that is known for its social media platform, Snapchat. The company also develops other technology products, including augmented reality software and hardware devices.
Snap Inc is a technology company that is known for its social media platform, Snapchat. The company also develops other technology products, including augmented reality software and hardware devices.
Snap Inc generates the majority of its revenue from advertising on its Snapchat platform. The company's self-serve advertising platform allows advertisers to target specific demographics and geographic locations, making it a popular destination for marketers looking to reach a younger audience.
In addition to its social media operations, Snap Inc is also focused on developing augmented reality technology and hardware devices. The company's Snap Spectacles, which are sunglasses that allow users to record video and photos, have been a popular product among Snapchat users. Snap Inc has also been developing augmented reality technology, which allows users to overlay digital images onto the real world.
Snap Inc operates in a highly competitive technology industry, with other public companies such as Meta, Google, and Twitter also offering similar services. The company has faced challenges in growing its user base and maintaining user engagement, particularly as competitors introduce similar features on their own platforms.
Snap Inc was founded in 2011 by Evan Spiegel and Bobby Murphy while they were students at Stanford University. The company's headquarters are located in Venice, California, and feature a range of unique design elements, including a slide and a beach volleyball court. Snap Inc has been involved in a range of philanthropic initiatives, including its partnership with (RED) to raise funds for the fight against AIDS. The company has also been recognized for its commitment to diversity and inclusion, with a focus on hiring employees from underrepresented backgrounds.
)