Snap Inc. (SNAP) Q1 2026 Earnings Call Transcript
Although the revenue and EPS for Snap (SNAP) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Snap (SNAP) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.04 per share a year ago.
Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.
Snap reported first-quarter earnings on Wednesday and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity. The company said in the investor letter that its sales guidance "assumes no contribution from Perplexity as we amicably ended the relationship in Q1," referring to the $400 million deal it announced in November with the generative AI startup.
Beyond analysts' top-and-bottom-line estimates for Snap (SNAP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
SNAP heads into Q1 earnings with a solid revenue growth outlook, but user softness, cost pressures and regulatory hurdles cloud the near-term picture.
Snap (SNAP) reached $6.07 at the closing of the latest trading day, reflecting a +1.51% change compared to its last close.
Recently, Zacks.com users have been paying close attention to Snap (SNAP). This makes it worthwhile to examine what the stock has in store.
Snap (SNAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Snapchat announced on Tuesday that it's rolling out “AI Sponsored Snaps,” which will allow users to interact directly with brands' AI agents. Sponsored Snaps are the ads placed directly into the app's main Chat tab.
Shares of Snap Inc. rose sharply on Monday, as a combination of an analyst upgrade, restructuring plans, and improving revenue outlook boosted investor sentiment. The stock jumped as much as 8.39% trading after Rothschild Redburn upgraded Snap to Buy from Neutral and doubled its price target to $10 from $5.