Snap provided a preliminary look at its first quarter 2026 results, estimating revenue of $1.529 billion and adjusted EBITDA of $233 million. The company also announced a significant restructuring plan to reduce costs and accelerate its path to profitability.
Key Highlights
- The company estimates first quarter 2026 revenue will be approximately $1.529 billion, a 12% increase year-over-year.
- Snap announced a plan to reduce its global headcount by approximately 16%, aiming for over $500 million in annualized cost savings by the second half of 2026.
- As a result of the restructuring, Snap lowered its full-year 2026 guidance for adjusted operating expenses by $250 million to approximately $2.75 billion.