Snap (SNAP) Tops Q2 EPS by 18c, Misses on Revenue; Offers Q3 Guidance
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Snap Inc. Announces Second Quarter 2024 Financial Results
August 1, 2024 4:10 PM EDTSecond quarter revenue increased 16% year-over-year to $1,237 million
Daily Active Users increased 9% year-over-year to 432 million
Net loss improved 34% year-over-year to $249 million
Adjusted EBITDA improved 243% year-over-year to $55 million
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2024.
Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers, said Evan Spiegel, CEO. We continued to scale our advertising... More
