Snap Stock Gets Boost After Q2 Report. Why Results Are 'Step In Right Direction'

Snap shares surge after Q2 revenue beats expectations

Snap beat Q2 expectations with $1.6B revenue (+19% YoY), net loss down 37% to $164M, DAU 493M, ARPU $3.25. The company raised AI/ML infrastructure spend by $50M, signaling social media's pivot to personalization; Snapchat+ grew 85% YoY, proving user demand for premium experience.