Snap Inc. — Third Quarter 2026 Earnings Summary

Snap Inc. reported third-quarter 2026 revenue of $1.722 billion, representing a 14% increase year-over-year, and achieved its first net income in the period at $56 million. The company's Adjusted EBITDA rose to $383 million, while operating cash flow and free cash flow reached $210 million and $164 million, respectively. Revenue growth was driven by a 14% increase in daily active users to 495 million and a 10% rise in average revenue per user to $3.48. CEO Evan Spiegel highlighted that artificial intelligence has become a significant advantage for the advertising platform and noted the launch of SPECS as part of the company's long-term augmented reality vision.