Executive Summary
- •Revenue hit $1.34 billion (up 19%), and the company narrowed its net loss to $164 million.
- •Global daily active users increased 5%, even though the core North American base dropped 7%.
- •Subscription service Snapchat+ saw massive growth, skyrocketing 85% year-over-year to $316 million.
Community Sentiment
Key Developments & Data
Snap $SNAP jumps over 10% after crushing Q2 revenue and delivering strong Q3 forecasts.
Revenue hit $1.34 billion (up 19%), and the company narrowed its net loss to $164 million.
Global daily active users increased 5%, even though the core North American base dropped 7%.
Subscription service Snapchat+ saw massive growth, skyrocketing 85% year-over-year to $316 million.
"After several quarters of improving our ad products and go-to-market approach, we saw better momentum with large advertisers in North America and stronger revenue growth internationally." — Evan Spiegel
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