Post by Wall St Engine on X
Wall St Engine@wallstengine
X$SNAP LAYS OFF 16%
$500M+ annualized cost savings
Targets Long term MAU of 1 Billion
Q1 rev raised to ~$1.53B
Q1 adj. EBITDA ~$233M vs prior $170M-$190M
FY26 gross margin seen above 60%
FY26 adj. opex cut to $2.75B from $3.0B
155 likes7 repliesPosted Apr 15, 2026