Snap posted a $460 million net loss for full-year 2025, reflecting ongoing challenges in monetization and elevated development expenses. The gap narrowed slightly from prior periods but remains a key hurdle for profitability.

The company will eliminate roughly 16% of its workforce by cutting 247 positions at its Santa Monica headquarters and 73 roles in Palo Alto, targeting cost savings. Shares declined 4.62% on investor concern over execution risks and reduced growth forecasts following the headcount cuts.