# Snap Swings To Profit As SPECS Set To Roll Out; Stock Takes A Hit

- URL: https://talkfuse.com/story/snap-swings-to-profit-as-specs-set-to-roll-out-stock-takes-a-hit/
- Published: 2026-11-04T21:41:03+00:00
- Updated: 2026-11-05T02:54:43+00:00
- Original publisher: Deadline
- Original article: https://deadline.com/2026/11/snap-swings-to-profit-as-specs-set-to-roll-out-1237213487/
- Topics: Business, Companies, Markets

## Key points

- Snap returned to profit with $56 million in third-quarter net income.
- Revenue rose 14% to $1.72 billion.
- Shares fell almost 10% after hours as SPECS prepares to launch.

## Summary

Snap reported a 14% rise in third-quarter revenue and returned to profit, but its shares fell almost 10% in after-hours trading as investors reacted to the results. The company is also preparing to roll out SPECS, its augmented-reality glasses, as it continues investing in that technology.

Revenue reached $1.72 billion, while net income was $56 million, compared with a $104 million loss a year earlier. Snapchat had 495 million daily active users, up 4% year on year and two million from the previous quarter. SPECS, which Snap says reflects more than a decade of investment and over 7,000 patents, is available for pre-order in the US, UK and France for $2,195, with a refundable $200 deposit.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.