Snap Inc — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Snap reported Q3 2026 revenue of $1,722 million (+14% YoY), with net income of $56 million vs. a $104 million loss in Q3 2025. Adjusted EBITDA grew 110% to $383 million; free cash flow increased 76% to $164 million. DAU reached 495 million, MAU 977 million. The company is transitioning to MAU as primary metric starting Q1 2027 and launched SPECS augmented-reality hardware. Q4 2026 revenue guidance: $1.950–$1.985 billion; Adjusted EBITDA guidance: $490–$525 million.
Why this rating
Strong profitability inflection and cash flow growth are material; revenue growth (14%) and margin expansion significant but modest relative to $11.6B market cap (~15% annual revenue run-rate). SPECS launch is strategic but pre-revenue.
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