Snap Q3 revenue hits $1.72 billion as shares fall 10%
Snap reported net income of $56 million for the third quarter, reversing a loss a year earlier, while Snapchat daily users reached 495 million.
Snap reported third quarter revenue of $1.72 billion, up 14% year-on-year, and net income of $56 million, turning around from a net loss of $104 million a year earlier, according to deadline.com. Shares fell almost 10% in after-market trading following the earnings report.
Snapchat daily active users reached 495 million, up 4% year-on-year and two million above the second quarter.
The results arrived alongside the company's push behind SPECS, its augmented reality glasses. A SPECS First Look pop-up is open in Los Angeles, and the device is available for pre-order for delivery in the U.S., U.K. and France this fall at $2,195 with a $200 refundable deposit.
Snap will take analysts' questions on a call at 5 pm ET today.
Background on SPECS
In June 2026, Snap unveiled the SPECS AR glasses with a tiny built-in computer. Around October 2026, it named Robert Downey Jr as Honorary Chief Customer Experience Officer for SPECS. The company said the product represents over a decade of investment across the full augmented reality stack, involving more than 7,000 patents.
Quick answers
How much did Snap report in third quarter revenue?
Revenue was $1.72 billion, up 14% year-on-year.
How many Snapchat daily active users did Snap report?
495 million, up 4% year-on-year and two million above the second quarter.
How much do the SPECS AR glasses cost?
They are priced at $2,195 with a $200 refundable deposit for pre-order in the U.S., U.K. and France.