US EditionSnap shares rocket 25% on strong forecast, $400 million Perplexity deal
Snap reported 19% growth in daily users and plans a $500 million stock buyback while partnering with Perplexity AI for conversational search integration.
- On July 9, 2025, Snap Inc. reported $1.51 billion in third-quarter revenue versus $1.49 billion expected, lifting shares over 25% after announcing a $400 million Perplexity AI deal.
- User engagement rose, with global daily active uniques increasing 19% year-over-year to 116 million, while monetization efforts like Snapchat+ and a $500 million stock repurchase program bolstered Snap.
- Snap reported ARPU of $3.16 and third-quarter adjusted EBITDA of $182 million, while earnings per share showed a loss of 6 cents.
- Regulatory pressures loom as Australia's social media minimum-age bill takes effect next month, and Snap said platform-level age verification from Apple and Google could reduce daily active users.
- Snap guided fourth-quarter sales of $1.68 billion to $1.71 billion, with a midpoint of $1.695 billion, and set EBITDA targets of $280 million to $310 million, while `we remain committed to our goal of serving 1 billion global monthly active users` and warned DAU may decline in Q4.
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48 Articles
Is Snapchat getting its mojo back? Snap stock soars on Perplexity deal and strong forecast
There was a moment when Snapchat looked like it was destined to be a relic in social media history, losing users and missing its own revenue forecasts. Not today. Snap, the app’s parent company, announced $1.51 billion in revenue as part of its third-quarter earnings on Wednesday, November 5. That figure was a 10% jump year-over-year (YOY) and beat Wall Street’s prediction of $1.49 billion, according to consensus estimates cited by CNBC. Snapch…
Snap Stock Soars After Q3 Earnings Beat, Perplexity AI Deal - Snap (NYSE:SNAP)
Snap Inc (NYSE:SNAP) shares are trading higher Thursday morning after the company posted strong third-quarter results and announced a major artificial intelligence partnership. Here’s what investors need to know. SNAP stock is racing ahead of the pack. See the trading setup here. What To Know: Snap beat analyst expectations with quarterly revenue of $1.51 billion versus estimates of $1.49 billion, and a quarterly loss of 6 cents per share versu…
Snap Shares Soar On $400 Million Perplexity Deal To Embed AI-Powered Search
Snap Shares Soar On $400 Million Perplexity Deal To Embed AI-Powered Search The AI application wave is being driven by the rapid integration of these intelligent systems into products people already use, from messaging and search to productivity, entertainment, commerce, and even transportation. The latest example: Snap's $400 million partnership with Perplexity to integrate its AI-powered answer engine directly into Snapchat, signaling how conv…
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