StocksMedium•5 November 2026•
1 min read
Snap Inc. Surpasses 30 Million Paid Subscribers Across Premium Services
Key Facts
1Snap Inc. announced that its paid subscription services, including Snapchat+ and Lens+, have reached over 30 million subscribers.
Snap Inc. announced that its paid subscription services, including Snapchat+ and Lens+, have reached over 30 million subscribers. Benzinga reported that the company is expanding its revenue streams beyond advertising through these premium subscription models to drive future growth.
The company reported quarterly revenue increased 14% year-over-year to approximately $1.72 billion for the quarter ended September 30, 2026, alongside a net income of $56 million. Despite the subscription milestone, broader user metrics showed that daily active users reached 495 million, missing analyst expectations of 499 million, which contributed to a 12% decline in share price following the announcement.