The integration of Perplexity's search tool into Snapchat comes nearly two years after the platform integrated its “My AI” chatbot into the social media app. At launch, My AI was powered by OpenAI's GPT models but last year, the chatbot also integrated Google's Gemini AI models.
Snap (SNAP) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.08 per share a year ago.
Snap saw its stock surge 25% after market close as it announced a partnership with Perplexity to integrate that firm's AI-powered answer engine directly into Snapchat. Perplexity will pay Snap $400 million over one year, through a combination of cash and equity. Revenue from the partnership is expected to begin contributing in 2026.
Snap on Wednesday issued its third-quarter earnings, reporting revenue that beat analysts expectations and announcing a $500 million stock repurchase program. In a letter, Snap said that new policies around the globe, including Australia's social media minimum age bill, may result in a decline of daily active users in the fourth quarter.
Get a deeper insight into the potential performance of Snap (SNAP) for the quarter ended September 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Snap faces Q3 headwinds from ad pricing pressure and soft North America trends, but global user growth may offer support.
Snap (SNAP) concluded the recent trading session at $7.6, signifying a -1.81% move from its prior day's close.
Asset Management One Co. Ltd. lifted its stake in shares of Snap Inc. (NYSE: SNAP) by 1.8% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 400,739 shares of the company's stock after buying an additional 7,104 shares during the
Snap (SNAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Snap (SNAP) concluded the recent trading session at $7.87, signifying a +1.29% move from its prior day's close.
The latest trading day saw Snap (SNAP) settling at $7.77, representing a -1.02% change from its previous close.
Snap (SNAP) closed the most recent trading day at $7.76, moving 1.9% from the previous trading session.