Snap reports Q2 revenue of $454M, up 17% YoY, vs $439.1M est., global DAUs of 238M, up 17% YoY, a net loss of $326M, up from $255M, and ARPU of $1.91, flat YoY
- Snap's stock price fell more than 8% on Tuesday after the company reported its second-quarter earnings.
CNBC Salvador Rodriguez
Related Coverage
- Snap's coronavirus bump was short lived Engadget · Karissa Bell
- Snap's 2020 Picture Isn't All Doom and Gloom Wall Street Journal · Laura Forman
- Snap Inc. Announces Second Quarter 2020 Financial Results Business Wire
- Snap's lockdown user bump fizzles out as losses rise 28pc Silicon Republic · Colm Gorey
- Snapchat Users Climb 17% in Q2, Snap Stock Falls as Investors Hoped for Bigger Lift Variety · Todd Spangler
- Snapchat User Growth Slows In Q2 PYMNTS.com
- Snap couldn't hold onto its pandemic user bump CNN · Rishi Iyengar
- Snap beats Q2 revenue estimates but falls short on user growth Business Insider · Paige Leskin
- Snapchat hungry for political ads as Twitter, Facebook shy away Mashable · Rachel Kraus
- Snap says the Facebook ad boycotts have ‘opened the door’ with some advertisers CNBC · Megan Graham
Discussion
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@megancgraham
Meg Graham
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Snap's stock price initially plunged more than 11% then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings. Follow along here with @sal19 https://www.cnbc.com/...
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@sarahfrier
Sarah Frier
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A subtle nod at how Snapchat may benefit from the FB ad boycott, in Spiegel's remarks: “the growing focus on brand safety and privacy across the entire industry places us in a unique position of strength as we have invested in these areas from the beginning of our business.”
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@richlightshed
Rich Greenfield
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Snapchat $SNAP CFO on daily active users (DAUs): “we were pleased with the overall level of growth and that growth continued month over month from April to May and May to June.” @snapchat @snap https://twitter.com/...
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@charliebilello
Charlie Bilello
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Snapchat revenues were up 17% over the past year, by far the slowest growth in the company's history. $SNAP Data via @ycharts https://twitter.com/...
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@cartermansbach
@cartermansbach
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This is 💯 due to the @tiktok_us effect. Oh $snap https://twitter.com/...
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@richlightshed
Rich Greenfield
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Snapchat revenue growth accelerating from 17% in Q2 to 32% quarter-to-date in Q3 2020, but forecasting slowdown to 20% for full Q3 due to the uncertainty & ad spend around: “back to school season, film release schedules, and the operations of various sports leagues. $SNAP
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@sarahfrier
Sarah Frier
on x
Snap revenue is a big beat, at $454 M, lifted by ecommerce ads during the pandemic as people spend more time on phones. but DAUs slightly miss estimates, because the company thought its stay-at-home phone-obsessed trend would be more significant than it ended up being.