Snap Surpasses Q3 Expectations with Strong AR & AI Growth 🚀
Snap's Q3 earnings beat forecasts, driven by impressive AR and AI investments. Daily active users surpassed 440 million, highlighting the company's expanding user base and innovative focus.
Benzinga
284 views • Oct 30, 2024
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Snap’s third-quarter earnings exceeded expectations, with earnings per share and revenue coming in above forecasts. Global daily active users exceeded 440 million, slightly above expectations. The company also announced a $500 million stock buyback and saw Snapchat+ subscribers increase to 12 million. Snap CEO Evan Spiegel noted that investments in augmented reality and AI are driving innovation, underscoring the debut of its fifth-generation Spectacles AR glasses in September.
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284
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Published
Oct 30, 2024
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