Snap beat analysts' estimates across the board in its second-quarter earnings report.
Snap beat Q2 earnings (revenue +19%) e raised Q3 guidance, powered by recovering large advertiser demand in Nord America. Snapchat+ +85% YoY e $50M AI investment signal subscription+AI shift, differentiating Snap from Meta/Reddit and reshaping media-buyer priorities.
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Snap
reported better-than-expected revenue and earnings for the second quarter and issued a forecast for the current period that topped analysts' estimates. The stock jumped 10% in extended trading.
Here's how the company did compared with analysts' expectations:
Revenue in the second quarter rose 19% from $1.34 billion a year earlier, Snap said in a statement. The company's net loss narrowed to $164 million from $262.6 million, or 16 cents per share, a year ago.
Snap's stock soared 8% in extended trading after surpassing second-quarter revenue and earnings expectations and issuing a sales…
Snap released on Wednesday its fourth-quarter earnings that beat on sales but missed on revenue guidance.
Here's a detailed look inside the Q2 earnings report from Snap.
Snap stock got a much-needed boost late Monday after Q2 results showed a narrowing loss and stronger-than-expected revenue.
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Snap Stock Gets Boost After Q2 Report. Why Results Are 'Step In Right Direction'
