Snap reports $1.6 billion in second-quarter revenue; shares rise 11% after hours
Snap reported second-quarter revenue of $1.6 billion, compared with analysts’ expectation of $1.54 billion. Daily active users totaled 493 million in the second quarter, versus analysts’ expectation of 488.38 million. Adjusted EBITDA was $250 million, compared with analysts’ expectation of $192.3 million. Snap expects third-quarter revenue of $1.7 billion to $1.74 billion, compared with analysts’ expectation of $1.7 billion. The company expects third-quarter adjusted EBITDA of $300 million to $350 million, versus analysts’ expectation of $327.6 million. Snap’s U.S.-listed shares rose 11% in after-hours trading.
Snap reported second-quarter revenue of $1.6 billion, compared with analysts’ expectation of $1.54 billion.
Daily active users totaled 493 million in the second quarter, versus analysts’ expectation of 488.38 million. Adjusted EBITDA was $250 million, compared with analysts’ expectation of $192.3 million.
Snap expects third-quarter revenue of $1.7 billion to $1.74 billion, compared with analysts’ expectation of $1.7 billion. The company expects third-quarter adjusted EBITDA of $300 million to $350 million, versus analysts’ expectation of $327.6 million.
Snap’s U.S.-listed shares rose 11% in after-hours trading.
Daily active users totaled 493 million in the second quarter, versus analysts’ expectation of 488.38 million. Adjusted EBITDA was $250 million, compared with analysts’ expectation of $192.3 million.
Snap expects third-quarter revenue of $1.7 billion to $1.74 billion, compared with analysts’ expectation of $1.7 billion. The company expects third-quarter adjusted EBITDA of $300 million to $350 million, versus analysts’ expectation of $327.6 million.
Snap’s U.S.-listed shares rose 11% in after-hours trading.