Snap Inc (SNAP) PT Raised to $20 at RBC Capital
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Snap Inc. Announces Second Quarter 2019 Financial Results
July 23, 2019 4:10 PM EDT
Daily Active Users increased 8% year-over-year to 203 million
Revenue increased 48% year-over-year to $388 million
Adjusted EBITDA improved 53% year-over-year to $(79) million
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2019.
Financial Highlights
Operating cash flow improved by $104 million to $(96) million in Q2 2019, compared to the prior year. Free Cash Flow improved by $131 million to $(103) million in Q2 2019, compared to the prior year. Common shares outstanding plus shares underlying... More