Snap Soars On Q3 Earnings, $500 Million Stock Buyback

1. Snap's Q3 earnings beat expectations with losses of six cents per share. 2. Revenue reached $1.5 billion, exceeding estimates and showing year-over-year growth. 3. Snap plans a $500 million share repurchase program to boost investor confidence. 4. Monthly active users grew to 943 million, reflecting 7% year-over-year increase. 5. Fourth-quarter revenue outlook is optimistic, aligning with analyst estimates.