$SNAP · Snap Inc
Snap Inc. filed its 10-Q for the quarter ended September 30, 2026. Revenue rose 14.3% YoY to $1.722B, and the company swung to net income of $56.5M ($0.03 diluted EPS) versus a $103.5M loss in Q3 2025. Operating income was $76.7M versus a $128.4M loss a year earlier, and Adjusted EBITDA more than doubled to $382.6M from $182.0M. Nine-month results remain in the red at a $196.4M net loss, narrowed from $505.7M.
- Q3 revenue $1.722B, up 14.3% YoY from $1.506B.
- Q3 net income $56.5M vs $103.5M loss a year ago; diluted EPS $0.03 vs -$0.06.
- Q3 operating income $76.7M vs -$128.4M loss; operating margin 4.5%.
- Adjusted EBITDA $382.6M, up from $182.0M in Q3 2025.
- Nine-month net loss narrowed to $196.4M from $505.7M.
Extended-hours last trade $5.38, down 9.12% vs the $5.92 regular close, despite the swing to profitability — suggesting the market focused on forward guidance or the metric transition rather than the headline beat.
Snap's first quarterly profit in years, with revenue up 14% and Adjusted EBITDA more than doubling, marks a meaningful inflection even as the after-hours reaction turned negative.
Snap's return to quarterly profitability and 14% revenue growth contrasts with its own prior losses, though the after-hours selloff suggests investors are weighing the upcoming MAU metric change against the beat.
The filing flags the planned Q1 2027 shift from DAU to global MAU as the primary audience metric, which could alter how investors assess engagement and monetization. Competitive, macroeconomic, and regulatory risks remain as standard forward-looking cautions.