Snap Inc (SNAP) Form 8-K — Nov 4, 2026
Snap Inc. reported Q3 2026 revenue of $1.72 billion, up 14% year-over-year, and swung to GAAP net income of $56 million from a $104 million loss a year ago. Adjusted EBITDA more than doubled to $383 million with a 22% margin, and Free Cash Flow rose 76% to $164 million. Growth was driven by Other Revenue up 84% (surpassing 30 million paid subscribers across Snapchat+, Memories Storage, and Lens+), while advertising revenue grew just 4% as strong direct response gains were offset by a year-over-year decline in upper-funnel brand advertising.
Key figures
- Eps
- 0.03
- Revenue
- 1722471000
- Guidance
- Q4 2026 revenue of $1.950 billion to $1.985 billion; Q4 Adjusted EBITDA of $490 million to $525 million; full-year Infrastructure Costs of $1.65 billion to $1.66 billion (lowered from $1.65-$1.70 billion)
- Net Income
- 56498000
- Revenue Yoy
- 14%
- Total Assets
- 7566373000
- Cash Position
- approximately $2.77 billion in cash, cash equivalents, and marketable securities
- Shares Outstanding
- 1717511000
- Dau q3 2026
- 495 million
- Mau q3 2026
- 977 million
- Arpu q3 2026
- $3.48
- Gross margin
- 62%
- Employee count
- 4540
- Paid subscribers
- over 30 million
- Free cash flow q3
- 164453000
- Adjusted ebitda q3
- 382647000
- Free cash flow yoy
- 76%
- Operating leverage
- approximately 93% of incremental revenue flowing through to Adjusted EBITDA
- Ttm free cash flow
- $777 million, up 88%
- Adjusted ebitda yoy
- 110%
- Other revenue growth
- 84%
- Adjusted ebitda margin
- 22%
- Operating cash flow q3
- 210484000
- North america revenue yoy
- 13%
- Advertising revenue growth
- 4%
- Restructuring charges nine months
- $128.5 million
AI analysis
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