Snap, Inc. delivered 18.5% revenue growth in Q2'26, beating expectations while refocusing on free cash flow and monetization. SNAP's subscription revenues surged 85% YoY, reaching a $1.26 billion annual run rate with over 25 million subscribers and new premium features planned. Q3 guidance calls for revenue of $1.70–$1.74 billion and nearly 100% YoY adjusted EBITDA growth, driven by cost reductions and operating leverage.