Snap Inc. announced that Chief Business Officer Ajit Mohan will depart the company to pursue other opportunities, with his last day expected on December 31, 2026. Mr. Mohan confirmed that his departure is not related to any disagreements regarding accounting, strategy, management, operations, or policies. Snap Inc. operates in the social media and augmented reality technology industry.

Snap Inc. reported financial results for the second quarter ended June 30, 2026. Revenue increased 19% year-over-year to $1,599 million, driven by a 9% rise in advertising revenue and an 85% surge in other revenue to $316 million. The company posted a net loss of $164 million, narrowing from $263 million in the prior year period, while Adjusted EBITDA expanded significantly to $250 million from $41 million. Operating cash flow reached $176 million and free cash flow was $121 million. Snap Inc. operates Snapchat, a visual messaging app that enhances relationships with friends, family, and the world.

Snap Inc. announced that its 2026 annual meeting of stockholders is scheduled for July 30, 2026. The meeting will be accessible to all stockholders, including Class A common stock holders, via investor.snap.com. Details regarding the meeting's purpose are provided in the attached information statement. Snap Inc. is a technology company that operates social media platforms.