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Snap Declines After Daily User Growth Falls Short of Estimates

Bloomberg Technology Wednesday 04 November 2026, 21:21 UTC By Spencer Soper 1 min read
Key Points

Snap Declines After Daily User Growth Falls Short of Estimates Snap Inc. fell after the company reported third-quarter ad revenue and user growth that missed estimates, with Chief Executive Officer Evan Spiegel acknowledging that “advertising revenue growth remains below our ambitions.” The company had 495 million daily active users through the period ending in September, compared with 493 million the prior quarter. User numbers missed analysts’ expectations of 499 million.

Snap Declines After Daily User Growth Falls Short of Estimates Snap Inc. fell after the company reported third-quarter ad revenue and user growth that missed estimates, with Chief Executive Officer Evan Spiegel acknowledging that “advertising revenue growth remains below our ambitions.” The company had 495 million daily active users through the period ending in September, compared with 493 million the prior quarter. User numbers missed analysts’ expectations of 499 million.
Evan Spiegel (PERSON)
Originally published by Bloomberg Technology Read original →

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