Core Insights - Perplexity will pay Snap $400 million over one year to integrate its AI-powered answer engine into Snapchat [1] - This integration is the first of its kind for Snapchat, aiming to connect AI companies with Snap's 943 million monthly active users [2] Company Strategy - Snap's CEO, Evan Spiegel, emphasized the partnership as a means to enhance discovery and connection on Snapchat, reflecting a shared vision for AI's potential [3] - The integration is part of Snap's strategy to accelerate and diversify revenue growth [3][4] - Snap aims to build out its AI platform and sees a unique opportunity to distribute AI agents through its chat interface [4] User Experience - Perplexity will start appearing in Snapchat in early 2026, allowing users to ask questions and receive conversational answers from verifiable sources [4] - Perplexity will become the default AI for all Snapchat users from January 2026, while users can still interact with the existing My AI chatbot [5]

[Music] [Music] Good Thursday morning from Yahoo Finance's New York City headquarter studios. I'm Yahoo Finance executive editor Brian Sazy. I've been lurking on our Yahoo Finance live blogs which you uh you can find at the top of our homepage all morning just digesting a ton a ton of headlines.Snapshares are ripping higher as an at $400 million deal with Perplexity. Pexity's search capabilities will appear in the chat interface starting in early 2026. Nothing disappearing there.Big day for Tesla and CO Elo ...

Group 1: Market Reactions and Company Performance - Snap shares surged over 15% following a $400 million deal with Perplexity, which will integrate its search capabilities into Snap's chat interface by early 2026 [1][4] - Tesla's $1 trillion pay package vote is a significant event, with ongoing concerns about valuation fears leading to selling on good news [2][3] - Duolingo's stock dropped approximately 26% after projecting a weaker than expected bookings forecast for Q4 [4] Group 2: Consumer Behavior and Economic Indicators - Costco reported a 6.6% increase in same-store sales for October, but management expressed concerns about consumer sentiment due to SNAP benefit uncertainties and the government shutdown affecting DC area warehouses [40][41] - Bank of America noted a 1.2% to 2% year-over-year increase in total card spending per household, with consumers becoming more selective in their spending habits [31][32] - Chime Financial reported a 29% year-over-year increase in sales, indicating resilience among consumers despite economic challenges [42][59] Group 3: Company Innovations and Future Outlook - Robinhood's third quarter results showed a 100% increase in sales and a 259% increase in EPS, driven by a major platform reinvention and expansion into prediction markets [9][10] - Chime is focusing on AI integration to enhance customer service, with over 70% of member interactions now handled by AI tools, leading to a 30% reduction in service costs [49][50] - Robinhood aims to establish itself in prediction markets, doubling contract volume every quarter, with significant growth potential in this new asset class [22][23]

Core Insights - Snap shares increased by approximately 12% following the release of better-than-expected results and guidance regarding user growth and spending [1] Company Performance - The owner of the Snapchat social media platform reported results that exceeded market expectations, contributing to a significant rise in share price [1] User Growth and Spending - The company provided positive guidance on user growth and spending, indicating a strong outlook for future performance [1]

Group 1: Snap Inc. (SNAP) - Snap reported revenue of $1.51 billion, exceeding estimates of $1.49 billion, with global daily active users increasing to 477 million, slightly above the expected 476 million [2][7] - The company announced a $500 million stock buyback program, indicating confidence in its financial position [2][7] - Snap has entered a partnership with Perplexity AI, which will pay $400 million over one year to integrate its AI search features into the Snapchat app [3][7] Group 2: Other Notable Stocks - Datadog (DDOG) shares rose approximately 22% after beating earnings estimates with an EPS of 55 cents, which was nine cents above expectations, and reporting revenue of $886 million, a 28.4% year-over-year increase [4] - Planet Fitness (PLNT) shares increased about 12% following strong earnings, with an EPS of 80 cents beating estimates by six cents and revenue of $330.3 million, up 13% year over year [5] - Appian Corporation (APPN) saw its shares rise about 18% after reporting an EPS of 32 cents, which exceeded estimates by 27 cents, and revenue of $187 million, a 21.4% year-over-year increase [6]

Core Insights - Snap's stock surged over 15%, reaching $8.4 [1] - The company reported a 10% year-over-year revenue growth to $1.5 billion, exceeding market expectations of $1.49 billion [1] - Net loss narrowed to $104 million, translating to a loss of $0.06 per share [1] - Global daily active users reached 477 million, slightly above the expected 476 million [1] - Average revenue per user (ARPU) was $3.16, also slightly above the anticipated $3.13 [1] - Snap announced a $400 million partnership with AI startup Perplexity, with plans to integrate Perplexity's AI search engine into Snapchat starting in 2026 [1]

Core Insights - Snap's stock increased by 13% following the announcement of a $400 million deal with Perplexity AI and the release of its third-quarter financial results [1] - The integration of Perplexity's AI-powered search engine into the Snapchat app is a significant development for the company [1] - The partnership is expected to generate revenue starting in 2026, indicating a long-term strategy for alternative revenue streams [2] Financial Performance - Snap reported third-quarter revenue of $1.51 billion, exceeding LSEG estimates of $1.49 billion [2] - The company's daily active users rose by 8% year over year, reaching 477 million, which surpassed StreetAccount's projection of 476 million [3] Strategic Developments - The $400 million deal with Perplexity AI will be executed through a combination of cash and equity over one year [1] - The partnership is seen as a response to large advertisers in the US reducing their advertising spend on the platform, similar to trends observed with Pinterest [2]

Core Insights - Snapchat faced a critical moment where it appeared to be on the verge of becoming obsolete in the social media landscape, characterized by user losses and failure to meet revenue forecasts [1] Company Summary - Snapchat's user base has been declining, which raises concerns about its long-term viability in the competitive social media market [1] - The company has struggled to achieve its revenue targets, indicating potential challenges in its business model and market strategy [1]

Group 1 - U.S. stock indices opened lower, with Dow Jones down 0.06%, S&P 500 down 0.14%, and Nasdaq down 0.26% [1] - Snap's stock rose over 17% after reporting Q3 revenue of $1.51 billion and global daily active users reaching 477 million, both exceeding expectations [1] - Duolingo's stock fell over 26% as the company lowered its Q4 booking guidance by 3.6% [1] - Moderna's stock increased over 7% after reporting Q3 revenue and EPS that surpassed expectations [1] - Nasdaq Golden Dragon Index rose 1% to 8223.78 points [1] Group 2 - Samsung Electronics completed the acquisition of European ventilation company FläktGroup, aiming to develop integrated air conditioning solutions and maximize synergies [2] Group 3 - Nissan Motor Company announced the sale of its global headquarters building in Yokohama for 97 billion yen (approximately 4.5 billion RMB), planning to continue using the building under a lease [3] - The sale is part of Nissan's operational restructuring efforts [3] Group 4 - Intel's Vice President highlighted that personal computers are undergoing a disruptive upgrade with the introduction of AI PCs, marking a significant evolution in computing [4] - Deutsche Bank reported Q3 net profit of €591 million with revenue of €2.94 billion, maintaining a forecast of approximately €2.5 billion net profit for the year [4]

人民财讯11月6日电，美股三大指数集体低开，道指跌0.1%，纳指跌0.24%，标普500指数跌0.13%。 Snap涨超15%，ARM涨近4%。 ...