Benzinga
  • 2 months ago
Snap’s third-quarter earnings exceeded expectations, with earnings per share and revenue coming in above forecasts. Global daily active users exceeded 440 million, slightly above expectations. The company also announced a $500 million stock buyback and saw Snapchat+ subscribers increase to 12 million. Snap CEO Evan Spiegel noted that investments in augmented reality and AI are driving innovation, underscoring the debut of its fifth-generation Spectacles AR glasses in September.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Snap's third quarter earnings exceeded expectations,
00:05with earnings per share and revenue coming in above forecasts.
00:08Global daily active users exceeded 440 million, slightly above expectations.
00:14The company also announced a $500 million stock buyback,
00:17and saw Snapchat Plus subscribers increase to 12 million.
00:21Snap CEO Evan Spiegel noted that investments in augmented reality and AI are driving innovation,
00:26underscoring the debut of its fifth generation Spectacles AR glasses in September.

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