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-Snapchat’s global user base grew by 11 million daily active users in the last three months, reaching a total of 443 million, a 9% increase.
-The user count in the U.S. market has stagnated at 100 million annually.
-Snap’s revenue for the third quarter rose by 15% year-over-year to $1.37 billion, slightly surpassing analyst expectations.
-Despite the revenue increase, Snap posted a loss of $153 million, though this is a 58% improvement from the same period last year.
-Following the announcement of a $500 million share buyback, Snap’s stock rose by about 7% in after-hours trading.
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