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Snap Q3 revenue misses estimates; to replace DAU with MAU metric

By Reuters News


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


Reuters Recommended Reads

  • Nov 2 - Roku Q3 revenue beats estimates on advertising, subscription growth

  • Nov 4 - Digital ad firm Taboola's Q3 revenue misses estimates

  • Nov 2 - Tinder's US daily active users return to growth in October as Match ramps up AI efforts


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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