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Snap (SNAP) guidance and outlook
Snap's 10-Q filed Nov 5, 2026 makes 4 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 5, 2026
- We expect to continue to experience increased competition, which may result in reduced advertising demand, and could adversely affect our revenue growth, pricing, business, financial condition, and results of operations.
- Our revenue, particularly in North America, has further been impacted by platform policy changes and restrictions that affected our targeting, measurement, and optimization capabilities, and in turn our ability to measure the effectiveness of advertisements on our services.
- In the first quarter of 2027, among other changes to our user metrics, we plan to transition to global MAU as our primary audience metric.
- • Adjusted EBITDA excludes stock-based compensation expense and payroll and other tax expense related to stock-based compensation, which have been, and will continue to be for the foreseeable future, significant recurring expenses in our business and an important part of our compensation strategy; and
Snap's latest quarter
Snap, Q3 2026: revenue $1.7B (+14% year over year), operating margin 4.5%, net earnings $56.5M, operating cash flow $210M. The chart follows the revenue to costs, profit and cash.
Questions
What does Snap expect?
We expect to continue to experience increased competition, which may result in reduced advertising demand, and could adversely affect our revenue growth, pricing, business, financial condition, and results of operations. Our revenue, particularly in North America, has further been impacted by platform policy changes and restrictions that affected our targeting, measurement, and optimization capabilities, and in turn our ability to measure the effectiveness of advertisements on our services. In the first quarter of 2027, among other changes to our user metrics, we plan to transition to global M
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.