In a regulatory filing earlier, Snap (SNAP) posted an investor update presentation which includes, among other things, an updated financial outlook information for the first quarter of 2026. In the presentation, the company disclosed estimated total revenue of approximately $1.529B, representing 12% growth year-over-year, and estimated adjusted EBITDA of approximately $233M, in each case for the first quarter of 2026. Snap, which also announced layoffs that will impact approximately 1,000 team members at Snap, including 16% of our full time employees, is trading up 25c, or 4%, to $5.86 early in the session.
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