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Snap’s AI glow-up meets a harsh new reality check

Snap’s AI glow-up meets a harsh new reality check

KAHROS Team

TL;DR

Quick Summary

  • Q3 2025 showed Snap growing revenue 10% and users 8%, while narrowing losses and generating positive free cash flow.
  • A $400 million Perplexity AI deal turns Snapchat into a distribution channel for conversational search starting in 2026.
  • New Topic Chats and strict Australian age-verification rules show Snap expanding public features while absorbing real regulatory user risk.

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