Reported 2 months ago
Snap Inc. reported Q2 adjusted earnings of $0.02 per share, meeting expectations, but its revenue of $1.24 billion fell short of the anticipated $1.25 billion. Although daily active users increased to 432 million, the company's Q3 outlook of $70 million to $100 million in adjusted EBITDA is below the Bloomberg consensus estimate of $110.5 million, causing a drop in stock value.
Source: YAHOO