Snap News - May 6, 2026
🔴 SNAP is trading 6% down today on high infrastructure cost concerns despite earnings beat
SNAP is trading at $5.74 (-6%) in after-hours trading following its Q1 2026 earnings release, as concerns over high infrastructure costs weighed on investor...
Snap slides 4%, ending $400 million Perplexity AI deal
Snap shares fell approximately 4% in after-hours trading. First-quarter revenue rose 12% year-over-year to $1.53 billion. This result met analyst expectations....
Snap's first quarter 2026 revenue rose 12% to $1.53 billion as Adjusted EBITDA jumped 115%.
Snap reported first quarter revenue of $1.53 billion, an increase of 12% year-over-year, and a net loss per share of $0.05, beating analyst estimates. The...