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Snap Inc. — Third Quarter 2026 Earnings Summary

  • Revenue grew 14% year-over-year to $1,722 million, while the company returned to profitability with $56 million in net income, a significant reversal from a $104 million loss in the prior year period.
  • Adjusted EBITDA surged 110% to $383 million, and operating income turned positive at $77 million, driven by a 44% increase in operating cash flow to $210 million.
  • Management highlighted AI as a growing competitive advantage for its advertising platform and confirmed continued investment in its augmented reality vision via the SPECS launch.
  • The company executed $601 million in stock repurchases over the nine months ended September 30, 2026, and announced a metric transition to global MAU starting in Q1 2027.
  • Full Q4 2026 outlook will be detailed during the upcoming earnings call and investor letter; no specific forward guidance numbers were provided in this summary.
Company
SNAP INC
Sector
Communication Services
Industry
Internet Content & Information