Snap Shares Down 94% From Record High Despite 2025 Growth
Snap reported a marginal fall in daily active users to 474 million in Q4 2025 despite solid full-year revenue and adjusted earnings growth. Shares stand about 94% below their 2021 peak, while a £14.47 million UK privacy fine on Reddit underscores rising compliance costs for social-media peers.
1. Full-Year 2025 Results
Snap delivered solid revenue and adjusted earnings growth through 2025, reflecting improved monetization and cost management, while maintaining an average daily active user base of 474 million, marking a slight sequential decline in Q4.
2. Stock Price Decline
Shares have tumbled approximately 94% from their November 2021 record highs, reflecting market concerns over user growth deceleration and intensifying competition in short-form video advertising.
3. Regulatory Risk Exposure
A recent £14.47 million fine imposed on Reddit for children’s data failures highlights escalating regulatory scrutiny on social-media platforms’ privacy practices, potentially leading Snap to face higher compliance costs and stricter age-verification requirements in key markets.