Snap shares spike on quarterly revenue and daily active users beat

Group 1 - Snap's stock increased by approximately 15% in after-hours trading following a revenue report of $1.51 billion, surpassing the estimated $1.49 billion, along with 1 million more daily active users than expected [1] - The company reported an earnings per share loss of 6 cents, which did not meet expectations, but adjusted EBITDA of $182 million exceeded estimates of $125 million [1] - Snap announced a $500 million stock repurchase program and provided guidance for fourth-quarter revenue that is slightly above analyst expectations, along with an EBITDA range that is well ahead of consensus estimates [2] Group 2 - Snap is entering a partnership with Perplexity to integrate its AI chatbot into Snapchat, with Perplexity paying Snap $400 million over the course of the year [2][3] - Despite the positive outlook, Snap warned of a potential decline in daily active users in the fourth quarter, although investments in AI and machine learning are reportedly yielding measurable benefits for advertisers [3]