Snap records $1.72 billion in Q3 revenue and turns net profit positive
SNAP Snap Inc
$4.96 -2.55%
View chart & analysis → - 1Snap Inc. Q3 revenue increased 14% year-over-year to $1.72 billion.
- 2The ratio of Snap Inc. Q3 incremental revenue converting to adjusted EBITDA reached 93%.
- 3Management announced a strategic shift to use monthly active users as a key reporting metric starting from Q1 2027.
So what's the key point?
Snap's Q3 revenue grew to $1.72 billion, and the company has started making a profit. Moving forward, the company plans to focus on how many people use the service every month.
Source The Motley Fool +1 · View original ↗
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