Here's What Key Metrics Tell Us About Snap (SNAP) Q3 Earnings

Core Insights - Snap reported $1.51 billion in revenue for Q3 2025, a year-over-year increase of 9.8%, with an EPS of $0.06 compared to $0.08 a year ago, aligning with the Zacks Consensus Estimate of $1.49 billion, resulting in a surprise of +0.97% [1] Financial Performance - The company has not delivered an EPS surprise, as the consensus EPS estimate was $0.06 [1] - Snap's shares have returned -8.1% over the past month, while the Zacks S&P 500 composite increased by +1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance against the broader market in the near term [3] Key Metrics - Total Daily Active Users (DAU) reached 477 million, slightly above the average estimate of 476.46 million [4] - Average Revenue Per User (ARPU) globally was $3.16, exceeding the estimated $3.14 [4] - DAU in North America was 98 million, matching the estimate [4] - DAU in Europe was 100 million, slightly below the estimate of 101.19 million [4] - DAU in the Rest of World segment was 280 million, surpassing the estimate of 277.31 million [4] - ARPU in Europe was $2.99, above the estimate of $2.82 [4] - ARPU in the Rest of World was $1.11, slightly below the estimate of $1.12 [4] - ARPU in North America was $9.20, matching the estimate [4] - Full-time employees numbered 5.19 billion, below the average estimate of 5.26 billion [4] Geographic Revenue - Revenue from Europe was $297.95 million, exceeding the estimate of $284.2 million, representing a year-over-year change of +19.7% [4] - Revenue from the Rest of World was $311.08 million, slightly above the estimate of $309.73 million, with a year-over-year change of +16.9% [4] - Revenue from North America was $897.81 million, below the estimate of $900.18 million, with a year-over-year change of +4.7% [4]