Conversational AI Is Coming to Snapchat. The Company's Stock Is Soaring Today.

1. Snap reported better-than-expected earnings, with a 10% revenue increase. 2. The company partnered with Perplexity for a $400 million AI-powered search feature. 3. Snap authorized a $500 million stock buyback to combat dilution effects. 4. Average daily active users grew 8%, reaching 477 million, improving user engagement. 5. Despite gains, Snap shares are still down 20% for 2025 year-to-date.