Snap Inc. reported a strong performance in its third-quarter earnings, leading to a significant increase in its stock price. The company's shares surged by approximately 15% following the announcement of its Q3 results, which included a notable 230% increase in Adjusted EBITDA, a 790% surge in Operating Cash Flow, and a 218% rise in Free Cash Flow. Additionally, Snap revealed a $500 million stock buyback plan, further boosting investor confidence. The company also reported that it has doubled its paying subscribers year-over-year and now boasts 850 million monthly active users, aiming to reach 1 billion. Despite the positive results, Snap's shares experienced a slight decline of 1.8% in premarket trading the following day, although they rose by 1.48% as the tech sector showed signs of recovery.