Snap Inc.

Snap Inc. Announces Third Quarter 2026 Financial Results

Snap reported Q3 2026 revenue of $1.72 billion, up 14% year-over-year, with net income of $56 million versus a $104 million loss in the prior-year quarter. Adjusted EBITDA more than doubled to $383 million and Free Cash Flow rose 76% to $164 million, while operating income swung positive at $77 million. DAUs grew 4% to 495 million and ARPU rose 10% to $3.48; management said the Q4 outlook will be detailed on the earnings call and flagged a transition from DAU to global MAU as its primary audience metric starting in Q1 2027.

•4d ago

Snap Inc. Introduces SPECS Intelligence, an Anticipatory AI Service

Snap Inc. introduced SPECS Intelligence, an anticipatory AI service designed to work across iPhone, Mac, and SPECS augmented reality glasses, surfacing relevant information and actions without waiting for a prompt. Early access is invitation-only through the SPECS Mac app via a waitlist, while a preview is available starting today in the SPECS iOS app for U.S. users 18+, offering insights based on Gmail and Google Calendar. Snap says personal content will not be used to train or fine-tune its AI models or to serve personalized ads, with data handled via on-device processing and secure cloud infrastructure. The launch deepens Snap's push into consumer AI alongside its AR glasses hardware strategy, though no pricing, monetization, or adoption targets were disclosed.

•1mo ago

Snap Inc. Announces Second Quarter 2026 Financial Results

Snap reported Q2 revenue of $1.599 billion, up 19% year-over-year, exceeding the prior year's $1.345 billion. The company narrowed its net loss to $164 million from $263 million a year ago, while Adjusted EBITDA surged to $250 million compared to $41 million. Free Cash Flow improved significantly to $121 million from $24 million in the prior year, driven by disciplined investment and growth in its direct revenue business.

•3mo ago

Snap Inc. Debuts SPECS Augmented Reality Glasses to Make Computing More Human

Snap Inc. unveiled SPECS, a standalone pair of augmented reality glasses available for pre-order at $2,195 with shipping expected this fall. The device features a 51-degree field of view, dual Snapdragon processors, and 7-millisecond latency, weighing between 132 and 136 grams depending on the size. Supporting the hardware launch, Snap introduced new developer tools including agentic development capabilities in Lens Studio and the SPECS Spatial Benchmark for evaluating AI models.

•4mo ago

Snap Inc. Receives Credit Rating Upgrade from S&P Global Ratings

S&P Global Ratings upgraded Snap’s issuer credit rating to BB- from B+ with a positive outlook, citing improved operating performance and deleveraging. The upgrade follows Q1 results showing 12% revenue growth to $1.53 billion, $286 million in free cash flow, and a narrowing net loss to $89 million. Snap expects more than $500 million in annualized cost reductions in the second half of 2026, supporting further leverage improvement and potential future upgrades.

•5mo ago

Snap Inc. Announces First Quarter 2026 Financial Results

Snap returned to revenue growth in Q1, reporting $1.53 billion in sales, up 12% year-over-year, while narrowing its net loss to $89 million from $140 million in the prior year. Daily active users grew 5% to 483 million, driving $286 million in free cash flow and a 115% increase in Adjusted EBITDA to $233 million. The company repurchased approximately $350 million of Class A common stock during the quarter and plans to provide Q2 outlook on the upcoming earnings call.

•6mo ago