Snap shares rocket on revenue beat, stronger-than-expected forecast
1. Snap's Q3 earnings beat expectations, with $1.51 billion in revenue. 2. The company announced a $500 million stock repurchase program. 3. Snap partnered with Perplexity AI, bringing $400 million revenue by 2026. 4. Regulatory changes may negatively impact Snap's user engagement in the future. 5. Fourth-quarter sales guidance slightly exceeds Wall Street expectations.