Snap (SNAP) Soars 9.7% on Q3 Blowout, Upbeat Outlook

Core Insights - Snap Inc. has shown strong performance in the stock market, with a notable increase of 9.73% to close at $8.01, driven by positive earnings and a favorable outlook for Q4 [1] Financial Performance - The company narrowed its net loss by 32% to $103.5 million from $153 million year-on-year [2] - Revenues increased by 9.8% to $1.5 billion from $1.37 billion, attributed to improved advertising demand and growth in direct revenue streams [2] - Advertising revenues rose by 8%, while other revenues, including Snapchat+ subscriptions, surged by 54% year-on-year [3] - Adjusted EBITDA reached $182 million, a 38% increase from $131.96 million in the same period last year [3] Future Outlook - For Q4, Snap Inc. anticipates revenues between $1.68 billion and $1.71 billion, indicating a year-on-year growth of 8% to 10% [3] - Adjusted EBITDA is projected to be between $280 million and $310 million for the same period [3] Shareholder Value Initiatives - The company announced a plan to repurchase $500 million of its shares, reinforcing its commitment to enhancing shareholder value [4]