Snap Inc. (SNAP) exceeded analyst expectations in its third quarter earnings report, with adjusted earnings of $0.08 per share surpassing Wall Street's projected $0.05. The social media company posted revenue of $1.37 billion, edging above Bloomberg's consensus estimate of $1.36 billion.

CFRA Research senior equity analyst Angelo Zino joins Asking for a Trend, highlighting the company's impressive subscription growth.

"A very big positive is what they're doing on the subscription side of things. That is growing better than we ever would have imagined four or five quarters ago," Zino explained. He noted that the subscription segment now represents 8-9% of the company's overall revenue, describing it as a "nice diversification" that contributes to top-line growth.

Maintaining a Buy rating on Snap's stock, Zino emphasized the company's continued user growth, stating "this is a company that is growing their active user base pretty quickly still...9% year over year."

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This post was written by Angel Smith