Snap Inc (SNAP) PT Lowered to $12 at UBS Following 2Q Miss

Snap Inc. Reports Second Quarter 2017 Results

August 10, 2017 4:10 PM EDT

VENICE, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2017.

Second Quarter 2017 Financial Highlights:

  Three Months Ended

June 30,

  Percent   Six Months Ended

June 30,

  Percent 2017   2016 Change 2017   2016 Change (dollars in thousands) (dollars in thousands) (Unaudited) (NM = Not Meaningful) (NM = Not Meaningful) Revenue $ 181,671 $ 71,798   153 % $ 331,319 $ 110,596   200 % Net loss(1) $ (443,093 ) $ (115,894 ) NM... More