Snap Q3 revenue +10% to $1.51B, net loss narrows; expects DAU may decline in Q4

Snap Inc

2025-Q3 EPS reported -$0.30 revenue$4,214,986,000

Q3 revenue $1,507M (+10% YoY), net loss $104M (down from $153M), Adj. EBITDA $182M (+38% YoY).
DAU 477M (+8% YoY), MAU 943M (+7% YoY); warns DAU may fall in Q4 due to age verification and monetization tradeoffs.
Board authorized $500M stock repurchase program over 12 months to offset dilution.
Direct response ad revenue +8% YoY; Other Revenue (Snapchat+) $190M (+54%); FCF $93M.
Cash & marketable securities $3.0B; management expects negative engagement impacts from new regulations.

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