Snap reports Q3 revenue up 14% YoY to $1.72B, in line with est., and DAUs up 4% to 495M, vs. 499M est.; SNAP drops 9%+ after hours

Snap's stock price may drop further if its user growth continues to miss estimates.

Snap reported Q3 revenue increased 14% year-over-year to $1.72 billion and daily active users (DAUs) grew 4% to 495 million. The company's stock dropped over 9% in after-hours trading.

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Snap's third-quarter results, including ad revenue and user growth, did not meet expectations. This indicates continued challenges in advertising revenue growth for the company. Investors will be watching to see if Snap can reverse this trend in future quarters.