Snap Just Announced a $500 Million Stock Buyback

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]