Snap’s third-quarter earnings exceeded expectations, with earnings per share and revenue coming in above forecasts. Global daily active users exceeded 440 million, slightly above expectations. The company also announced a $500 million stock buyback and saw Snapchat+ subscribers increase to 12 million. Snap CEO Evan Spiegel noted that investments in augmented reality and AI are driving innovation, underscoring the debut of its fifth-generation Spectacles AR glasses in September.
