On October 29, 2024, Snap Inc. released its financial results for the third quarter, which ended on September 30, 2024. The company reported a 15% increase in revenue year-over-year, reaching $1,373 million. Daily Active Users (DAUs) grew by 9% to 443 million, and the net loss improved by 58% to $153 million. Adjusted EBITDA saw a significant improvement of 229% to $132 million. Alongside the financial results, Snap Inc. announced a stock repurchase program authorizing the buyback of up to $500 million of its Class A common stock over the next 12 months, subject to market conditions and other factors. The repurchase program is part of the company's strategy to offset dilution from employee stock compensation and to make opportunistic repurchases. As of the end of the third quarter, Snap Inc. had $3.2 billion in cash, cash equivalents, and marketable securities.

On October 29, 2024, Snap Inc. released its financial results for the third quarter, which ended on September 30, 2024. The company reported a 15% increase in revenue year-over-year, reaching $1,373 million. Daily Active Users (DAUs) grew by 9% to 443 million, and the net loss improved by 58% to $153 million. Adjusted EBITDA saw a significant improvement of 229% to $132 million. Alongside the financial results, Snap Inc. announced a stock repurchase program authorizing the buyback of up to $500 million of its Class A common stock over the next 12 months, subject to market conditions and other factors. The repurchase program is part of the company's strategy to offset dilution from employee stock compensation and to make opportunistic repurchases. As of the end of the third quarter, Snap Inc. had $3.2 billion in cash, cash equivalents, and marketable securities.