In Brief

• Snap shares fell 11.46% in after-hours trading after the closing bell, despite the company posting a $56 million profit

• Revenue was $1.72 billion and daily active users totaled 495 million, both below estimates.

• Snap plans to make monthly active users its primary audience metric starting in the first quarter of 2027

Read the original story “Snap Stock Loses Its Rally on Earnings Day as Revenue Falls Short of Expectations” by Kamina Bashir on fi.beincrypto.com