UPDATE: Deutsche Bank Downgrades Snap Inc (SNAP) to Hold

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Go back to UPDATE: Deutsche Bank Downgrades Snap Inc (SNAP) to Hold

Snap Inc. Announces Second Quarter 2022 Financial Results

July 21, 2022 4:10 PM EDT

Daily Active Users increased 18% year-over-year to 347 million

Revenue increased 13% year-over-year to $1,111 million

Operating cash flow was $(124) million and Free Cash Flow was $(147) million

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2022.

While the continued growth of our community increases the long-term opportunity for our business, our financial results for Q2 do not reflect our ambition," said Evan Spiegel, CEO. "We are evolving our business and strategy to reaccelerate revenue... More