Core Insights - Snap has entered a $400 million partnership with Perplexity AI to integrate its AI search engine into Snapchat, expected to launch in early 2026 [1] - The revenue from this deal is anticipated to start contributing to Snap's financials in 2026, enhancing the platform's AI capabilities and personalization [1] - CEO Evan Spiegel indicated potential for further AI partnerships, positioning Snap as a key distribution channel for intelligent agents [1] Group 1: AI Integration and Features - Snap is enhancing its generative AI capabilities, including its own LLM-powered chatbot, MyAI, which utilizes models from OpenAI, Google, and Perplexity AI [2] - The company is also developing AI-powered lenses and creation tools, contributing to the growth of its Snapchat+ subscription service [2] - Upcoming features include "AI Clips," allowing creators to generate short videos from simple prompts, although no launch date has been provided [3] Group 2: Hardware Developments - Snap plans to launch a new version of its AR glasses, called Specs, next year, with a focus on making them lighter [4] - The company is considering partnerships with hardware manufacturers and intends to establish Specs as a standalone subsidiary for greater operational flexibility [4]

Q3 2025 Earnings Slides November 5, 2025 Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding guidance, our future results of operations or financial condition, future stock repurchase programs or stock dividends, business strategy and plans, user growth and ...

Snap, Inc. (NYSE:SNAP) stock soared after the company released its third-quarter earnings report after Wednesday's closing bell, beating expectations on the top and bottom lines. Here's a look at the details in the report. SNAP stock is moving. See the real-time price action here.The Details: Snap reported quarterly losses of six cents per share, which beat the analyst estimate for losses of 12 cents.Quarterly revenue came in at $1.5 billion, which beat the analyst consensus estimate of $1.49 billion and wa ...

The social-media company announced a deal to integrate Perplexity's AI-powered answer engine directly into Snapchat. ...

Hey, Snapshare is soaring. Uh, the stock now is up about 15% in after hours trading as the company revenue beat expectations 1.51% billion versus the 1.49% billion estimated with 1 million more daily active users than anticipated. The company's earnings per share loss of 6 cents isn't comparable to expectations, but adjusted IBIDA of 182 million did top estimates of 125 million.Snap announcing a $500 million stock repurchase program and also guiding to fourth quarter revenue in a range with a midpoint just ...

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]

Core Insights - Sales growth was primarily driven by improved advertising demand, particularly from small- and medium-sized businesses [1] Group 1 - The social media platform behind Snapchat reported an increase in sales due to enhanced advertising demand [1]

Core Insights - Snap Inc. reported third-quarter earnings that exceeded analysts' expectations, leading to a more than 20% increase in share price, alongside a $500 million stock repurchase program [1] - The company announced a partnership with Perplexity AI, which will integrate conversational search into Snapchat, with expected revenue contribution starting in 2026 [2][3] Financial Performance - For Q3, Snap's sales grew by 10% year-over-year, reaching $1.51 billion, compared to the expected $1.49 billion [3][8] - The net loss for Q3 was $104 million, an improvement from a net loss of $153 million in the same quarter last year [3] - Adjusted EBITDA for Q3 was $182 million, surpassing the projected $125 million [3] - For Q4, Snap anticipates sales between $1.68 billion and $1.71 billion, with a midpoint of $1.695 billion, slightly above Wall Street's expectation of $1.69 billion [2][4] User Metrics and Engagement - Snap reported 477 million global daily active users, slightly above the expected 476 million [8] - The global average revenue per user (ARPU) was $3.16, exceeding the expected $3.13 [8] - The company warned that new regulations, particularly regarding age verification, could negatively impact user engagement metrics [4][5][6] Regulatory Environment - New laws in Australia and the U.S. are set to impose penalties on social media companies for failing to prevent underage users from accessing their platforms [5][6] - Snap is preparing for upcoming platform-level age verification measures from Apple and Google, which may further affect user metrics [6][7] Market Context - The earnings report comes amid a broader trend where major tech companies like Meta, Alphabet, and Amazon have reported strong digital advertising sales [10] - Snap's challenges with user engagement metrics are contrasted with the robust performance of other tech firms in the digital advertising space [9][10]

Snap beat third-quarter revenue estimates on Wednesday and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat. ...

By Jaspreet Singh (Reuters) -Snap (SNAP) stock rose 15% before the bell on Thursday after beating third-quarter revenue estimates on Wednesday and said it has partnered with Perplexity AI (PEAI.PVT) to integrate its artificial intelligence-powered ​search engine into Snapchat, sending the social media firm's shares up 16%‌ after the bell. AI startup Perplexity will pay Snap $400 million over one year in cash and equity, with revenue ‌contributions expected from 2026. The integration will offer verifiable ...