Evan Spiegel
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Snapchat (SNAP) Q2 2026 earnings results beat revenue expectations
Snap Inc. reported Q2 2026 financial results exceeding revenue expectations with $1.599 billion, surpassing the $1.53 billion forecast. The company also saw a reduced net loss and an increase in adjusted EBITDA to $249 million, indicating positive financial momentum. Snapchat anticipates Q3 2026 sales to range between $1.7 billion and $1.74 billion.
Snap unveils AR glasses which CEO describes as 'highly wearable' in clip that visibly shows the chunky frames…
Snap has unveiled its new augmented reality glasses, called Specs, priced at $2,195. CEO Evan Spiegel described the devices as 'highly wearable,' despite their chunky appearance, which houses dual Snapdragon processors for advanced features. The glasses offer a virtual 24-inch desktop monitor experience or a 115-inch cinema screen, with a battery life of four hours per charge, extendable to 20 hours with the included case.
Evan Spiegel doesn't want you to call Snap Specs AI glasses
Snap CEO Evan Spiegel discussed the company's Spectacles hardware, emphasizing that they should not be referred to as AI glasses. He also touched upon topics of privacy and parental controls during the interview.
AWE 2026: Live updates from keynotes by Snap CEO Evan Spiegel, Google and Qualcomm at the XR show
This article provides live updates from the AWE XR 2026 event, focusing on keynotes from Snap CEO Evan Spiegel and Qualcomm. The event covers advancements in augmented and virtual reality technologies.
Snap is laying off 16 percent of its workforce, blames AI
Snap is laying off approximately 1,000 employees, representing 16 percent of its workforce, with CEO Evan Spiegel citing advancements in artificial intelligence as a reason for the reduction. The company expects these changes to save over $500 million by the second half of 2026 and improve net-income profitability. This move follows similar workforce reductions at other tech companies like Amazon, Microsoft, and Pinterest, as they increasingly integrate AI to boost efficiency.
Snapchat users sent 'nearly' 2 trillion snaps in 2025
Snapchat users sent nearly 2 trillion snaps in 2025, averaging 5.5 billion per day. This data highlights the platform's engagement, with nearly 15-year-old Snapchat approaching 1 billion monthly users. CEO Evan Spiegel has set reaching a billion users as a long-term goal.