Snap Inc beat third-quarter revenue estimate on Wednesday and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat, sending the social media firm's shares up 18% in overnight trading.

AI startup Perplexity will pay Snap $400 million over one year in cash and equity, with revenue contributions expected from 2026. The integration will offer verifiable answers to users' questions within the Snapchat app.

AppLovin Corporation reported strong third-quarter earnings results Wednesday afternoon. Its shares were up 7% in overnight trading.

Earnings per share were $2.45, above Wall Street’s consensus estimate of $2.38, and up from $1.29 last year. Ad revenue for the quarter reached $1.41 billion, above expectations of $1.34 billion, and up 68% on the year.

Figma raised its annual revenue forecast on Wednesday, banking on the collaborative design software provider's efforts to expand its product line-up and grow its user base.

Shares of the company were up around 6% in overnight trading.

Chip technology provider ARM Holdings gave a fiscal third-quarter forecast on Wednesday that topped Wall Street's expectations, boosted by the boom in artificial intelligence computing.

Shares of Arm were up about 4% in overnight trading.

Robinhood fell 2% in overnight trading after the company topped third-quarter profit estimates on Wednesday as retail traders shrugged off bubble fears, and the online brokerage announced the retirement of its longtime finance chief.

The results suggest that small investors seized opportunities presented by the momentum in the markets, and drove up trading volumes in crypto, options and equities.

Chip designer Qualcomm on Wednesday forecast quarterly sales and profit above market expectations as premium smartphone sales rebounded, but a possible loss of business next year from Samsung, a key customer, sent its shares down 3% in overnight trading.

Qualcomm is among the world's biggest suppliers of modem chips that connect smartphones to wireless data networks. For the current fiscal first quarter ending in December, Qualcomm said it expects sales and adjusted profit with a midpoint of $12.2 billion and $3.40 per share, above analyst estimates of $11.62 billion and $3.31 per share, according to LSEG data.

DoorDash, Inc. reported third-quarter profit that missed Wall Street estimates as the delivery firm grapples with rising expenses and said that it would invest several hundred million dollars more in 2026 on new initiatives.

Shares of the San Francisco-based company, which have risen about 43% this year, were down about 10% in overnight trading.

Duolingo, Inc. forecast fourth-quarter bookings below Wall Street estimates on Wednesday as the company prioritizes user growth and teaching quality on its app, sending its shares tumbling 19% in overnight trading.

The company forecast bookings to be between $329.5 million and $335.5 million for the quarter, below estimates of $343.6 million, according to analysts polled by Visible Alpha.

Charles Schwab is expected to announce an acquisition deal for private share marketplace Forge Global Holdings, Inc. in an offer valued at as much as $600 million, the Financial Times reported on Wednesday, according to two people familiar with the terms.

Schwab is expected to pay $45 per share for Forge Global, the report added, which would represent a 75% premium to Forge's closing price as of Wednesday. Shares of Forge Global were up 51% in overnight trading.