Why is SNAP down?
Down 16% over the five sessions to Oct 30 while the S&P 500 fell 0.6%.
“Meta, Snap head to trial in another case about social media's harms.”
Down 16% over the five sessions to Oct 30 while the S&P 500 fell 0.6%.
“Meta, Snap head to trial in another case about social media's harms.”
SNAP's Quality Score fell 1 point on Fri, Oct 30, to 3. Its weekly close fell more than 1.5% below its 10-week average.
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| Long-term trend | −1 |
| Latest filing | 10-Q, Aug 4 |
After its last 4 reports it closed +2.3% on average, higher 2 of 4 times.
SNAP is #169 of 271 by Quality Score.
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| 169 |
Reports Wed Nov 4, after the close (in 2 days). Confirmed.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
“The increase primarily reflects additional investment in the AI and machine learning infrastructure needed to support revenue growth.”
SNAP's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Infrastructure costs | $1.65B to $1.70B |
“We expect direct revenue to continue growing materially faster than the overall business, while maintaining disciplined growth in our non-GAAP operating expense base over the medium term.”
From its results filing (SEC filing · Aug 3)
Sales grew 19% a year over 5 years, fiscal 2020 to 2025.
Its share count grew 3.1% a year over 5 years.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Aug 3, 2026 | +5.8% | +14.9% | +6.2% |
| May 6, 2026 | -7.2% | -2.1% | -8.2% |
| Feb 4, 2026 | -1.5% | -13.4% | -15.6% |
Sales grew every year from 2018 to 2025, to $5.9B. It lost money in each of the eight years.
4 insiders sold $1.8M across 8 filings in the last 6 months. No open-market buys on record. The newest:
One trade disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: SNAP is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.
Snap is a technology company best known for its marquis social media application, Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.
“We compete with other companies in every aspect of our business, particularly with companies that focus on mobile engagement and advertising.”
SNAP scores 3 today, which Breakaway calls Below Average. It is #169 of 271 in Software by Quality Score, with 2 of 14 chart checks firing. Down 16% over the five sessions to Oct 30 while the S&P 500 fell 0.6%. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
SNAP scores 3 today, which Breakaway calls Below Average (0 to 5). That is #169 of 271 in Software by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind SNAP's 3.
4 insiders sold $1.8M across 8 filings in the last 6 months. No open-market buys on record. The newest is Ronan Harris, Chief Commercial Officer, who sold $266K on Oct 16. Every filing, with the scored weight, for Pro members.
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