Snap Q3 revenue misses estimates; to replace DAU with MAU metric
Overview
US social media firm's Q3 revenue rose 14% yr/yr, slightly missing analyst expectations
Q3 adjusted EBITDA beat analyst expectations
Company posted positive net income after a loss in prior-year quarter
Shares of the company fell 10% in extended trading
Outlook
Snap plans to make global MAU its primary audience metric from its Q1 2027 Form 10-Q, replacing global DAU
Result Drivers
ADVERTISING PLATFORM - Co said AI is becoming a significant advantage for its teams and advertising platform, supporting revenue growth
AUGMENTED REALITY INVESTMENT - Co highlighted ongoing investment in augmented reality, including the launch of SPECS
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $1.72 bln | $1.73 bln (35 Analysts) |
Q3 EPS | $0.03 | ||
Q3 Net Income | $56.50 mln | ||
Q3 Adjusted EBITDA | Beat | $382.65 mln | $336.93 mln (35 Analysts) |
Q3 Free Cash Flow | $164.45 mln | ||
Q3 Operating Income | $76.72 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)