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Snap Q3 Beats Street As Sales Rise, Losses Shrink & Snapchat Sees 443 Million Daily Active Users
Snap shares jumped over 10% after earnings as the company saw third quarter revenue rise 15% to over $1.37 billion, beating Wall Street estimates.
Daily active users (DAUs) rose 9% to 443 million, and total time spent watching content increased 25% year-over-year, Snap said. “I’m proud of the team’s progress this quarter, delivering strong community growth and deepening engagement while driving improved financial performance,” said CEO and founder Evan Spiegel. “Our investments in AI and AR are powering new creative experiences for our community and driving innovation across our advertising platform, underpinning our long-term growth opportunity.”
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