---
schema_version: "secwatch.filing_event.v1"
accession: "0001564408-25-000063"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:17:03.623093+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564408-25-000063
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000156440825000063/0001564408-25-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000156440825000063/snap-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564408-25-000063
- JSON: https://secwatch.observer/filing/0001564408-25-000063.json
- Plain text: https://secwatch.observer/filing/0001564408-25-000063.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.