Snap Daily Active Users Miss Forecasts; Shares Drop 12%

Snap's November 4 earnings release put Q3 2026 daily active users (people opening the app each day) at 495 million, below the 499 million analysts expected but up from 493 million a quarter earlier. Shares fell 12% after results missed estimates for ad revenue and user growth. Paid subscribers across Snapchat+, Memories Storage and Lens+ passed 30 million.