Snap Swings to Profit in Third Quarter: Revenue Up 14% to $1.72 Billion, Daily Users Reach 495 Million
Santa Monica — Snap Inc., the Santa Monica, California-based social platform company, on November 4 reported third-quarter 2026 results: revenue was $1.722 billion, up 14% from $1.507 billion a year earlier; net income was $56 million, compared with a net loss of $104 million a year earlier; diluted earnings per share were $0.03; operating income was $76.7 million, versus an operating loss of $128.4 million; adjusted EBITDA was $383 million, versus $182 million; operating cash flow was $210 million; and free cash flow was $164 million.
Snapchat's global daily active users reached 495 million, up 4% year over year, and monthly active users reached 977 million. Advertising revenue rose 4%, while other revenue, led by subscriptions, grew 84%, with paid subscribers across Snapchat+ and related products passing 30 million.
In its investor letter, the company guided fourth-quarter revenue to between $1.950 billion and $1.985 billion and adjusted EBITDA to between $490 million and $525 million. Snap also said that, beginning with its first-quarter 2027 report, global monthly active users will replace daily active users as its primary audience metric.
Co-founder and Chief Executive Officer Evan Spiegel said Snap generated positive net income in the quarter as revenue grew 14%, reflecting progress in building a more profitable business. (Source: Snap)
Source: Snap
Published by GSM · USA (original Chinese edition)
Photo: 图：一名用户在使用 Snapchat 的滤镜功能。Stock Catalog 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: A user trying a Snapchat filter. By Stock Catalog, CC BY 2.0, via Wikimedia Commons.
