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Snap (SNAP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Snap (SNAP - Free Report) reported $1.72 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 14.3%. EPS of $0.15 for the same period compares to $0.06 a year ago.

The reported revenue represents a surprise of -0.01% over the Zacks Consensus Estimate of $1.72 billion. With the consensus EPS estimate being $0.16, the EPS surprise was -6.25%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Snap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Daily Active Users (DAU) - Total Global: 495 million versus the seven-analyst average estimate of 497.84 million.
  • Daily Active Users (DAU) - North America: 92 million versus the six-analyst average estimate of 92.15 million.
  • Daily Active Users (DAU) - Europe: 98 million versus 98.33 million estimated by six analysts on average.
  • Daily Active Users (DAU) - Rest of World: 305 million versus 307.83 million estimated by six analysts on average.
  • Average revenue per user (ARPU) - Total Global: $3.48 versus $3.47 estimated by six analysts on average.
  • Average revenue per user (ARPU) - Europe: $3.69 versus the six-analyst average estimate of $3.83.
  • Average revenue per user (ARPU) - Rest of World: $1.13 versus $1.18 estimated by six analysts on average.
  • Average revenue per user (ARPU) - North America: $11.07 versus $10.66 estimated by five analysts on average.
  • Employees (full-time; excludes part-time, contractors, and temporary personnel): 4.54 billion versus the three-analyst average estimate of 4.72 billion.
  • Geographic Revenue- Europe: $362.85 million versus $376.72 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +21.8% change.
  • Geographic Revenue- Rest of World: $345.3 million versus $363.96 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
  • Geographic Revenue- North America: $1.01 billion versus $975.95 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +13% change.

View all Key Company Metrics for Snap here>>>

Shares of Snap have returned -3.3% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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