$SNAP · Snap Inc
Snap reported Q3 FY2026 results: revenue $1.722B (+14% YoY), net income $56.5M vs a $103.5M loss a year ago, and diluted EPS of $0.03 vs -$0.06. Adjusted EBITDA rose 110% to $382.6M, operating cash flow $210.5M, and free cash flow $164.5M. DAUs reached 495M and MAUs 977M. Q4 2026 guidance was not in the press release and will be given on the call/investor letter.
- Revenue rose 14% YoY to $1,722M.
- Net income swung to $56.5M from a $103.5M loss.
- Adjusted EBITDA grew 110% to $382.6M.
- Free cash flow rose 76% to $164.5M.
- DAUs reached 495M and MAUs 977M.
Extended-hours last trade $5.38, down 9.12% vs the $5.92 regular close, despite the swing to profitability — suggesting the market was disappointed by the lack of Q4 guidance in the release or by forward commentary.
Snap's first swing to positive net income in years, with 14% revenue growth, marks a profitability inflection even as the stock sold off on deferred guidance.
Snap's swing to positive net income and 14% revenue growth contrasts with its own prior losses, but the after-hours selloff suggests investors wanted stronger forward guidance relative to larger ad-platform peers.
Forward-looking statements flag risks around sustaining profitability, user/advertiser retention, competition, and macroeconomic/geopolitical uncertainty. Q4 guidance was withheld from the release, adding near-term uncertainty.