Market Overview - Stocks showed a mixed performance with the Dow Jones Industrial Average up by about 18 basis points, NASDAQ Composite increasing by approximately 0.33%, and S&P 500 rising by 0.3% [2][4] - The Russell 2000 index also climbed into positive territory, reflecting a broader market recovery [3] - The bond market remained stable, with the 30-year T-bond yield down to 4.69% and the 10-year yield around 4.06% [3] Sector Performance - Financials led the large-cap sectors, with notable gains from JP Morgan (up 1.5%), Goldman Sachs, and American Express [4][8] - The technology sector saw mixed results, with Nvidia up nearly 2% and Apple rebounding by 3.76%, while Tesla and other mega-cap tech stocks faced declines [5][6] - Defensive sectors like staples, energy, and materials experienced losses of over 1% [4] Investment Sentiment - Investor sentiment is characterized as cautious, with a significant sector rotation observed from software to hardware and safer areas like materials and energy [10][11] - Small and mid-cap stocks are expected to show greater earnings growth compared to large caps, driven by AI infrastructure and other growth areas [18] BHP Financial Results - BHP reported a 22% increase in first-half profit, with copper now accounting for over 50% of its core earnings, indicating a strategic pivot towards copper production [33][34] - The company plans to increase copper production guidance for this year and next, capitalizing on strong copper prices [36] - BHP's operational performance remains robust, with record production and shipment in iron ore alongside copper growth [36][45] Copper Market Dynamics - The demand for copper is expected to grow significantly, driven by energy transition and digitization, with projections of a 70% increase over the next 25 years [38] - Supply challenges are anticipated due to lower grades and the complexity of new projects, enhancing the demand-supply dynamics for copper [39] Gold and Byproducts - BHP's copper deposits also yield significant byproducts, including gold, which contributed around $2 billion to earnings in the last half [41] - The company is actively seeking to unlock additional value from its portfolio, including a recent $4.3 billion silver stream agreement [42] Iron Ore Negotiations - BHP is engaged in tough negotiations with China's state-owned iron ore buyer but has managed to maintain strong production and price realization [45]

Snap is hoping to snap up another revenue stream in its quest to reduce its dependency on advertising. The social media company announced on Tuesday that it will begin offering subscriptions to select creators so they can earn income from their most engaged fans. Most Read from Fast Company In a move that supports both creators and its bottom line, Snap will begin testing a Creator Subscriptions feature next week with a group of 15 Snapchat creators, including Jeremiah Brown, Harry Jowsey, and Skai Jacks ...

Snapchat is introducing a subscription program to help creators boost revenues.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Creator Subscription will launch in alpha testing Feb. 23 with a select group of creato ...

Snap正推出一项订阅功能，让创作者可以直接从最活跃的粉丝那里获得持续收入，以帮助这家社交媒体 公司摆脱对广告的依赖。这项名为"Creator Subscriptions(创作者订阅)"的功能初期只向少量Snapchat创作 者开放。用户将可以付费订阅喜欢的创作者，并获得独家内容，包括直接发送的照片或视频，同时还能 访问仅限订阅者的Story，并发送文本回复，这些回复可能被置顶展示在创作者的公开Story顶部。 ...

Core Insights - Snapchat is launching creator subscriptions in alpha for select users in the U.S. starting February 23, allowing users to buy subscriptions to creators for exclusive content [1] - Creators can set their own monthly subscription prices, with Snap recommending different tiers, unlocking subscriber-only content and ad-free experiences [2] - The new subscription model expands on existing monetization programs, enhancing creator-user engagement through Stories, Chat, and replies [3] User Engagement and Growth - Snapchat reported 946 million daily active users in Q4 2025, with a 47% year-over-year increase in U.S. users posting to Spotlight [4] - The company plans to expand the creator subscription program to Snap Stars in Canada, the U.K., and France in the coming weeks [4] Competitive Landscape - Meta also offers subscription options for creators on platforms like Instagram and Facebook, providing users with access to exclusive content and badges [5]

Core Insights - Snap Inc. is launching a subscription feature called "Creator Subscriptions" to allow creators to earn recurring income from their most engaged fans, aiming to diversify revenue streams beyond advertising [1][2] - The company will begin testing this feature with a small group of Snapchat creators, highlighting its initiative to build more predictable revenue as user growth moderates [2] - Snap's existing subscription services, Snapchat+ and Memories Storage Plans, have seen a 71% year-over-year growth, reaching 24 million users, although daily active users have decreased by 3 million to 474 million [3] Subscription Feature Details - The new subscription feature will enable Snapchat users to pay for exclusive content from their favorite creators, including direct photos, videos, and access to subscriber-only Stories [4] - Subscribers will also have the ability to send text-based replies that can be highlighted at the top of a creator's public Story [4] Strategic Goals - Snap's leadership emphasizes that growth in subscribers will be a critical metric for tracking progress in the upcoming year [3] - The company aims to enhance creator monetization through real relationships, providing creators with predictable income from their most engaged fans [5]

Core Insights - Snap Inc (NYSE:SNAP) is viewed as a long-term investment opportunity despite recent challenges, with Citi lowering its price target to $6 from $10 while maintaining a Neutral rating [1] Financial Performance - Snap's Q4 2025 earnings showed a 10% year-over-year revenue increase to $1.72 billion, surpassing Wall Street's expectation of $1.7 billion [1] - The subscription business experienced significant growth, with revenue increasing 62% year-over-year and subscriber numbers rising 71% year-over-year to 24 million [1] - Net income rose to $45 million from $9 million in the previous year, with earnings per share of $0.03, beating expectations of a $0.03 loss [1] Future Projections - For Q1 2026, Snap expects revenue between $1.5 billion and $1.53 billion, with adjusted EBITDA projected at $170–$190 million [2] - The company plans to launch new Specs AR glasses in 2026 to meet the growing demand for augmented reality [2] Strategic Initiatives - Following strong earnings, Snap announced a $500 million share buyback program aimed at offsetting dilution from stock unit issuance to employees [3] - CEO Evan Spiegel highlighted that Q4 results reflect a strategic pivot towards profitable growth, leading to revenue diversification and margin expansion [2]

Core Insights - Robert C. Murphy, Chief Technology Officer of Snap, sold 2 million shares for approximately $10.63 million, as reported in a SEC Form 4 filing [1][2] Transaction Summary - Total shares sold directly: 2,000,000 [2] - Total shares gifted directly: 601,453 [2] - Total shares traded directly: 2,601,453 [2] - Total transaction value: ~$10.6 million [2] - Post-transaction direct shares: 49,012,324 [2] - Post-transaction indirect shares: 10,307,526 [2] - Post-transaction value of direct ownership: ~$256.3 million [2] Company Overview - Snap's total revenue (TTM): $5.93 billion [4] - Snap's net loss (TTM): -$460.49 million [4] - Total employees: 5,061 [4] - 1-year price change (as of Feb. 14, 2026): -54.99% [4] Company Snapshot - Snap operates as a global social media and digital advertising company, focusing on camera-based communication and augmented reality experiences for younger demographics [5] Financial Performance - Snap reduced its net loss year-over-year to $532 million in Q4 FY2025 from $787 million the previous year [7] - Annual net loss decreased from $698 million last year to $460 million in FY2025 [7] Insider Trading Insights - The 2 million shares sold by Murphy are double his historical median of 1 million shares per transaction [8] - Post-transaction, Murphy retains 49,012,324 shares directly and 10,307,526 shares indirectly, with remaining direct holdings valued at approximately $256.3 million [8] Revenue Expectations - Snap expects Q1 2026 revenue to be between $1.50 to $1.53 billion, below the $1.55 billion forecast from analysts, citing increased competition from Meta and TikTok [9]

Group 1 - The article initiates coverage on Snap Inc. (SNAP), highlighting that the market is overly focused on past issues such as user growth slowdown, regulatory news, and ad demand volatility, while overlooking the company's evolution and new realities [1] - The author emphasizes a strategy of identifying high-potential investment opportunities with an asymmetric risk-reward profile, aiming for an upside potential of 3-5 times the downside risk [1] - The investment approach prioritizes risk management, seeking a strong margin of safety to protect against capital impairment while maximizing long-term compounding over a 2-3 year investment horizon [1]

Core Viewpoint - The market is currently fixated on Snap Inc.'s (SNAP) historical issues such as user growth slowdown, regulatory news, and ad demand volatility, overlooking the company's evolving potential and new realities [1] Group 1: Company Overview - Snap Inc. is undergoing a transformation that may present new investment opportunities despite existing concerns [1] - The company is positioned to leverage market inefficiencies and contrarian insights to maximize long-term compounding [1] Group 2: Investment Strategy - The investment strategy focuses on identifying high-potential winners before they break out, with an emphasis on asymmetric opportunities that offer at least 3-5 times upside potential compared to downside risk [1] - A strong margin of safety is prioritized to protect against capital impairment while aiming for significant long-term returns [1] - The investment horizon is set at 2-3 years, allowing for the navigation of market volatility through patience and disciplined capital allocation [1]