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Snap Stock (SNAP) Surges on Strong Earnings and AI Partnership

Snap Stock (SNAP) Surges on Strong Earnings and AI Partnership

Author:

Global Cryptocurrency

Published:

2025-11-06 08:23:01

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BTCCSquare news:

Snap Inc. shares jumped 15% in pre-market trading after reporting better-than-expected Q3 results and announcing a $400 million deal with Perplexity AI. The social media platform narrowed its adjusted loss to $0.06 per share, beating analyst estimates of a $0.12 loss, while revenue grew 9.8% year-over-year to $1.51 billion.

Daily Active Users reached 477 million, exceeding projections, with global ARPU at $3.16. The company authorized a $500 million stock buyback program and provided optimistic Q4 revenue guidance of $1.68-$1.71 billion, suggesting 8-10% growth.

The Perplexity AI partnership will integrate an AI-powered answer engine into Snapchat, potentially enhancing the user experience for its nearly one billion monthly active users. This strategic MOVE underscores Snap's commitment to leveraging artificial intelligence to maintain competitiveness in the crowded social media landscape.

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