Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss

After Wednesday’s closing bell, Snap Inc. shares lost 11.46% and traded at $5.24, down from the $5.92 close, undoing a 5.81% regular-session rise. The Snapchat parent reported third-quarter revenue of $1.72 billion, up 14% from a year earlier but below the $1.73 billion LSEG estimate. Daily active users reached 495 million, short of the 499 million StreetAccount projected. Snap posted net income of $56 million, versus a $104 million loss in the same quarter of 2025, and adjusted earnings per share of $0.19 against a $0.16 forecast. It guided fourth-quarter revenue to $1.95 billion to $1.985 billion, with the midpoint above the $1.95 billion estimate.