🔴 Snap is trading 10.51% down in after-hours trading after revenue and daily active users missed estimates

Snap is trading at $5.29, down 10.51%, in after-hours trading after Q3 revenue and daily active users missed analyst expectations.

• Revenue was $1.722 billion versus $1.73 billion expected; daily active users were 495 million versus 499 million expected.
• Positive net income and adjusted EBITDA above estimates did not offset the shortfalls.
• Q4 revenue guidance was broadly near expectations; Snap plans to make monthly active users its primary audience metric starting in Q1 2027.