Snap Q3 Revenue Rises 14% to $1.72 Billion as Company Posts $56 Million Net Income
Snap swung back to a quarterly profit as advertising demand and cost discipline lifted the Snapchat parent’s third-quarter results.
Santa Monica-based Snap Inc. reported revenue of $1.722 billion for the quarter ended Sept. 30, 2026, up 14% from $1.507 billion a year earlier, according to its earnings release filed with an 8-K Wednesday. Net income was $56 million, or $0.03 per diluted share, compared with a net loss of $104 million, or $0.06 per share, a year ago.
Adjusted EBITDA rose to $383 million from $182 million. Operating cash flow was $210 million, up from $146 million, and free cash flow was $164 million, up from $93 million. Operating income was $77 million, versus an operating loss of $128 million in the year-earlier quarter.
CEO framing and share count
Co-founder and CEO Evan Spiegel said the quarter reflected progress toward a more profitable business and that AI is becoming a significant advantage for Snap’s teams and advertising platform. He also pointed to continued investment in augmented reality, including the launch of SPECS.
Common shares outstanding were 1,718 million as of Sept. 30, 2026, compared with 1,711 million a year earlier. Total common shares plus shares underlying stock-based awards were 1,932 million, up from 1,861 million.
For the first nine months of 2026, revenue was $4.850 billion, up 15%. The company still showed a nine-month net loss of $196 million, narrower than the $506 million loss a year earlier. Nine-month Adjusted EBITDA was $866 million, up from $332 million. Snap said total restructuring charges of $128.5 million in the nine-month period were excluded from Adjusted EBITDA.
Outlook pointer
Snap said it will discuss its fourth-quarter 2026 outlook on the earnings call and in an investor letter on its investor site. No numerical fourth-quarter guide appeared in the Exhibit 99.1 summary tables reviewed for this article.
For retail investors, the print matters less for the mid-teens top-line growth than for the proof that Snap can post GAAP profit and expanding free cash flow while still spending on AR hardware and AI ads—the mix that has defined the bull case since the company began emphasizing profitability.
By the numbers
- Q3 revenue: $1.722 billion, up 14%
- Q3 net income: $56 million (vs. $104 million loss)
- Diluted EPS: $0.03
- Adjusted EBITDA: $383 million (vs. $182 million)
- Free cash flow: $164 million (vs. $93 million)
- Shares outstanding: 1,718 million
Sources
- Snap Form 8-K with third-quarter 2026 financial results, filed Nov. 4, 2026 (accession 0001564408-26-000063)
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