In the most recent trading session, Snap (SNAP) closed at $7.64, indicating a -3.54% shift from the previous trading day.
Snap secured a $400M AI partnership with Perplexity, signaling a major shift beyond advertising. SNAP's recurring revenue base is strengthened by subscription growth and the Perplexity deal, targeting over $1.3B in non-ad revenues to start 2026. The stock valuation remains deeply discounted at 2x forward sales, despite robust monetization initiatives and AR glasses launch potential.
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone that few social media platforms achieve: reaching 1 billion monthly users.
| IT Services Industry | Information Technology Sector | Evan T. Spiegel CEO | XMUN Exchange | US83304A1060 ISIN |
| US Country | 5,061 Employees | - Last Dividend | - Last Split | 2 Mar 2017 IPO Date |
Snap Inc. is a distinguished technology company with a global presence, extending its operations across North America, Europe, and various international markets. Initially known as Snapchat, Inc., the company underwent a branding change in September 2016 to become Snap Inc. Founded in the year 2010 and with its headquarters nestled in Santa Monica, California, Snap Inc. has carved a niche for itself in the realm of visual messaging through its flagship application, Snapchat. This innovative platform has revolutionized the way people communicate by emphasizing short videos and images, thereby fostering a visually driven communication culture.
Snap Inc. offers an array of products and services designed to enhance visual communication and provide immersive user experiences. These include: