Snapchat BioSnap a weekly updated Biography.
Snapchat is navigating a critical juncture as it approaches a major milestone while grappling with serious financial challenges. The platform recently hit 943 million monthly active users globally, inching closer to the coveted one billion user threshold, but profitability remains elusive for the Santa Monica-based company.
The most significant recent development comes from Snap's upcoming augmented reality glasses launch. The company is set to unveil its next-generation AR Spectacles for the first time in the United Arab Emirates at the BRIDGE Summit taking place December 8th through 10th in Abu Dhabi. This represents a major bet on the future of computing, with executives emphasizing how the wearable technology will strengthen real-world connection and unlock new dimensions of creativity and community engagement.
On the financial front, Snap continues to face investor headwinds. The company's stock price has plummeted dramatically, falling from 11 dollars and 81 cents in November 2024 to 7 dollars and 69 cents by late November 2025, representing a devastating 34.9 percent decline while the S&P 500 gained 15.6 percent over the same period. JP Morgan analysts recently raised Snap's price target to 8 dollars following the announcement of a 400 million dollar deal with AI company Perplexity, though they maintained an underweight rating on the shares.
Snapchat's revenue picture shows modest improvement. Third quarter revenue reached 1.5 billion dollars, up 10 percent year over year, and the company narrowed its net loss to 104 million dollars compared to 153 million dollars in the same period last year. However, the advertising landscape remains challenging. Research firm eMarketer estimates Snapchat will capture just 2.1 percent of U.S. social network ad spending in 2025, with that share declining.
Geography tells a complex story for the platform. Growth in India, where TikTok is banned, has been explosive with over 250 million monthly users there. Conversely, Snapchat experienced a 4 percent monthly active user decline in the United States and double digit declines across France, Italy, Germany and the United Kingdom during the third quarter.
CEO Evan Spiegel has characterized this moment as a crucible, comparing Snapchat to a middle child wedged between larger tech giants and smaller rivals. The company is pursuing multiple revenue streams including subscription plans and AI partnerships while preparing to challenge the computing landscape with new hardware. Whether these bold bets will ensure long-term viability or lead Snapchat toward obsolescence remains an open question.
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