Snap Beats Q4 Revenue Estimates Despite User Decline
Snap exceeded Q4 revenue expectations with $1.72B, driven by 28% advertiser growth and rising Snapchat+ subscriptions, though daily users fell 3M.
Snap exceeded Q4 revenue expectations with $1.72B, driven by 28% advertiser growth and rising Snapchat+ subscriptions, though daily users fell 3M.
Reddit shares fell 8% after analysts warned about slower growth, fewer new advertisers, and rising competition from TikTok, Snap, and ChatGPT.
Snapchat (SNAP) had strong Q3 growth: $1.51B revenue & 477M users. It secured a major $400M deal with Perplexity AI for in-app search starting in 2026.
Snap's Q2 revenue missed estimates due to an ad platform glitch & policy changes. User growth and Snapchat+ remain strong points.