Snap Q4 2025 earnings: 5% advertising revenue growth, 71% subscriber growth

February 9, 2026

Snap announced its Q4 2025 earnings results last week: Snap beat analyst expectations on top-line revenue and ARPU but missed expectations on DAU, which declined sequentially from 477MM in Q3 2025 and saw year-over-year growth decelerate from 7.7% last quarter to 4.6% in Q4. Snap's stock traded up immediately following the company's earnings release, but as […]

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