Snap Stock Falls 11% as Daily Users Miss and Monthly Users Take Center Stage

TLDR Snap stock fell about 11% in after-hours trading Wednesday after a small Q3 revenue miss. Revenue was $1.72 billion, up 14% from a year ago, and Snap posted $56 million in net income. Daily active users hit 495 million, below the roughly 499 million expected. Snap will make monthly active users its main audience metric starting in Q1 2027. Specs smart glasses start at $2,195 and are open for preorder. Snap (SNAP) stock dropped about 11% in after-hours trading Wednesday, or roughly 65 cents. That came after the Snapchat parent reported third-quarter revenue just under Wall Street’s target. Snap Inc., SNAP Revenue came in at $1.72 billion, compared with $1.73 billion expected. Sales still rose 14% from a year earlier. The bottom line moved the right way.

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