Snap's Q3 earnings beat estimates, stock jumps over 11%

Snap's stock jumped more than 11% in after-hours trading after the company reported better-than-expected third-quarter earnings, signaling a return to positive revenue growth. The social messaging app has faced challenges due to Apple's App Transparency Tracking and a digital advertising slowdown. However, Snap's internal forecast for Q4 adjusted EBITDA is relatively optimistic, and the company has seen growth in daily active users. Snap also revealed that over 200 million people have used its AI chatbot and signed up 5 million people for its premium subscription Snapchat+. Despite headwinds in the third quarter and concerns about geopolitical tensions, Snap remains focused on improving its advertising platform and driving customer success.