Snap shares rocket 25% on strong forecast, $400 million Perplexity deal
Evan Spiegel, CEO of Snap Inc., attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 9, 2025.David A. Grogan | CNBCSnap shares climbed as much as 25% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program.Here is how the company did compared with Wall Street's expectations:Earnings per share: Loss of 6 cents. That f...
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