Snap (SNAP) Tops Q2 EPS by 18c, Misses on Revenue; Offers Q3 Guidance

Snap (NYSE: SNAP) reported Q2 EPS of $0.02, $0.18 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.25 billion.

Offered the following guidance: Our Q3 guidance range for revenue is $1,335 million to $1,375 million (versus the consensus of $1.36 billion), implying year-over-year revenue growth of 12% to 16%. Given the revenue range above, and our investment plans for the quarter ahead, we estimate that Adjusted EBITDA will be between $70 million and $100 million in Q3.

For earnings history and earnings-related data on Snap (SNAP) click here.

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