Q3 2025 Snap Inc Earnings Call Transcript

Nov 5, 2025 / 10:00 PM GMT

Release Date Price: MXN135.16 (-3.48%)

Transcript 10-Q8-K

Key Points

Positve

Snap Inc (SNAP) reported a 10% year-over-year increase in revenue, reaching $1.51 billion, driven by improved advertising demand and expansion of direct revenue streams.
The company achieved a significant milestone with 477 million daily active users, marking an 8% increase year over year.
Snap Inc (SNAP) saw a 54% year-over-year increase in other revenue, including Snapchat Plus subscription revenue, reaching $190 million in Q3.
The company delivered $182 million of adjusted EBITDA and generated $93 million of free cash flow, reducing net loss by over 30% year over year.
Snap Inc (SNAP) continues to lead in augmented reality engagement, with over 350 million daily users engaging with AR experiences and more than 4 million lenses created by 400,000 creators globally.

Negative

Snap Inc (SNAP) anticipates a potential decline in daily active users in Q4 due to internal and external factors, including regulatory changes and platform-level age verification.
The company faces engagement headwinds as it recalibrates investments in community growth and cost structures, potentially impacting user engagement in certain regions.
Regulatory and government policy actions, such as Australia's social media minimum age bill, are expected to negatively impact user engagement metrics.
North America growth lagged behind other regions, with advertising revenue growing only 1% year over year in Q3.
Snap Inc (SNAP) is experiencing trade-offs between monetization initiatives and user engagement, as new features like memory storage plans and Lens Plus may add friction to the user experience.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SNAP.N - Snap Inc
Q3 2025 Snap Inc Earnings Call
Nov 05, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon everyone, and welcome to Snap Inc.s 3rd quarter 2025 earnings conference call. At this time, participants are in a listen-only mode. I will now have to turn the call over to David Omiter, head of investor relations. You may proceed.

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Unidentified_2 [2]
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Thank you and good afternoon everyone. Welcome to Snap's 3rd quarter 2025 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and co-founder, and Derek Anderson, Chief Financial Officer.

Please refer to our investor relations website at investor.snap.com to find today's press

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