Snap Soars After Strong Earnings Beat, User Growth
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Snap beats on earnings and revenue, shares jump 11% after hours
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Daily active users grow 12% year-over-year to 406 million
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Announces $500 million share buyback program
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Sees optimistic Q4 adjusted EBITDA of $65-105 million
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Acknowledges "significant headwinds" like inflation and geopolitical tensions