Key takeaways
- Snap Inc. disclosed on November 4, after the close, that its Q3 revenue rose 14% year over year (YoY) to $1.72 billion.
- Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) at Snap Inc. rose to $383 million.
- On October 21, Meta reported that its advertising revenue grew 26%, far ahead of Snap’s single-digit ad growth.
A user miss and slow advertising growth are overshadowing the return to profitability at Snap (NYSE:SNAP | SNAP Price Prediction). Snap stock is at $5.30 in morning trading, down 11%.
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