Snap Q3 Earnings: Revenue Beat, EPS Beat, $500M Buyback, AI Update And More

Snap Inc (NYSE:SNAP) reported financial results for the third quarter Tuesday after the bell. Here’s a rundown of the report.

Q3 Earnings: Snap reported third-quarter revenue of $1.373 billion, beating the consensus estimate of $1.358 billion, according to Benzinga Pro. The social media company reported adjusted earnings of 8 cents per share, beating analyst estimates of 5 cents per share.

Total revenue was up 15% on a year-over-year basis. Daily active users grew 9% year-over-year to 443 million.

Snap said it generated operating cash flow of $116 million and free ...