Author argues Snapchat+ subscriber growth toward Hulu-like levels could push subscription ARR above $2B, with additional catalysts from creator subscriptions, SMB ads, and partnerships.
SNAP — LONG Author cites CEO Evan Spiegel saying Snapchat+ has ~25 million subscribers, matching ESPN+, and could reach Hulu-like ~60 million, more than doubling current subscribers and pushing Snap+ subscription ARR above $2B. Additional catalysts cited are creator direct revenue subscriptions launching next week, improving SMB ad revenue, partnerships, and specs. The author's implied mechanism is that subscription ARR growth diversifies revenue beyond advertising and supports the equity. No explicit risk or time horizon is stated.
Thats over double the current amount and would push ARR to over 2B+ from snap+ subscription alone. On top of that you have creator direct revenue subscriptions launching next week, improving SMB ad revenue, partnerships and specs.
This Reddit post, published February 19, 2026, features u/lies_are_comforting discussing SNAP. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/lies_are_comforting · Tickers: SNAP