Snap Stock Jumps 10% on Earnings Beat and Better Sales Forecast

Snap reported better-than-expected Q2 revenue and earnings, with revenue reaching $1.6 billion, a 19% increase from the previous year. The company's stock rose 10% in extended trading. Snap also issued a forecast that topped analysts' estimates.

Snap's Q2 2026 revenue reached $1.60 billion, up 19% year over year and above the $1.53 billion to $1.54 billion analyst consensus . SNAP shares jumped roughly 10% in extended trading after the company also issued a Q3 forecast that topped Wall Street estimates .

The beat was driven less by a single event than by the April restructuring that cut about 1,000 jobs: adjusted EBITDA surged to $249.6 million from $41.3 million a year earlier as total costs grew just 4% while revenue expanded 19% . World Cup advertising demand added a further tailwind to the quarter's ad sales.

Advertising revenue rose 9% to $1.28 billion, while other revenue, including Snapchat+ and the new Lens+ subscription, surged 85% to $316 million . Net loss narrowed to $164 million from $262.6 million a year ago, and global daily active users reached 493 million, up 5% year over year and ahead of the 487 million analysts expected .

Snap also confirmed a September 16 launch event for its $2,195 Specs AR glasses, a longer-horizon bet layered on top of the near-term cost discipline. Investors will watch whether the EBITDA gains prove durable once World Cup-related ad spending fades, and whether the strong Q3 guidance holds up.

Related Stocks

META