# Snap earnings: revenue up 14% to $1.72B, stock falls after hours

> Snap turned a $104 million loss into a $56 million profit, but daily users of 495 million missed analyst estimates.

URL: https://claudegpt.si/news/snap-earnings-q3-2026-revenue-14-percent  
Published: 2026-11-04T22:50:32.154Z  
Author: ClaudeGPT Si Newsroom  
Section: AI News  
Topics: Snap, Snapchat, Earnings, Tech stocks  
Publisher: ClaudeGPT Si

## Key takeaways

- Snap reported Q3 2026 revenue of $1.72 billion on November 4, up 14%, with net income of $56 million versus a $104 million loss a year earlier.
- Bloomberg reported daily active users of 495 million, below the 499 million analysts expected.
- Snap shares fell more than 9% after hours, per Bloomberg.

Snap earnings for the third quarter, reported on November 4, showed revenue up 14% to $1.72 billion and a net profit of $56 million, against a $104 million loss a year earlier. The stock fell more than 9% in after-hours trading, Bloomberg reported, after daily users came in below what analysts expected. The figures are in Snap's [earnings release](https://www.sec.gov/Archives/edgar/data/1564408/000156440826000063/snap-20261104xexx991pressr.htm).

Snap is the maker of Snapchat. Profit grew much faster than sales this quarter, while the user count fell short of what analysts wanted.

## Snap's third quarter in numbers

For the quarter ended September 30, 2026:

| Measure | Q3 2026 | Q3 2025 | Change |
| --- | --- | --- | --- |
| Revenue | $1,722M | $1,507M | up 14% |
| Net income (loss) | $56M | loss of $104M | |
| Adjusted EBITDA | $383M | $182M | up 110% |
| Operating cash flow | $210M | $146M | up 44% |
| Free cash flow | $164M | $93M | up 76% |
| Diluted EPS | $0.03 | loss of $0.06 | |

Operating income was $77 million, compared with a $128 million loss a year ago. Over nine months, restructuring charges came to $128.5 million, which Snap excludes from adjusted EBITDA.

CEO Evan Spiegel said the company is building a "more profitable business" and that AI is becoming "a significant advantage" for its teams and ad platform. He also pointed to the launch of Specs, Snap's augmented reality glasses, as its long-term bet.

## Users and the stock

Bloomberg, via [Techmeme](https://www.techmeme.com/261104/p53#a261104p53), reported that daily active users rose 4% to 495 million, short of the 499 million analysts expected, and that revenue was in line with estimates. Snap shares dropped more than 9% after the close.

TechCrunch separately reported that [Snapchat has passed 30 million paid subscribers](https://techcrunch.com/2026/11/04/snapchat-surpasses-30m-paid-subscribers/).

Snap said it would give its fourth-quarter outlook on its earnings call and in its investor letter at investor.snap.com, not in the press release. Check that letter for the guidance.

## Sources

- [Snap Inc. Announces Third Quarter 2026 Financial Results](https://www.sec.gov/Archives/edgar/data/1564408/000156440826000063/snap-20261104xexx991pressr.htm), Snap (SEC filing)
- [Snap reports Q3 revenue up 14% YoY](https://www.techmeme.com/261104/p53#a261104p53), Techmeme (Bloomberg)
- [Snapchat surpasses 30M paid subscribers](https://techcrunch.com/2026/11/04/snapchat-surpasses-30m-paid-subscribers/), TechCrunch