Snap Q2 revenue $1.24B (+16% YoY), net loss narrows 34%, adjusted EBITDA turns positive to $55M, DAU 432M

Snap Inc

2024-Q2 EPS reported -$0.34 revenue$2,431,541,000

Revenue $1.24B (+16% YoY); net loss $249M vs $377M prior year; adj EBITDA $55M vs -$38M.
DAU 432M (+9% YoY); Snapchat+ subscribers 11M; total active advertisers more than doubled YoY.
Advertising revenue $1.13B (+10%); DR up 16%, brand-oriented down 1%; Other revenue $105M (+151%).
Q3 guidance: revenue $1,335-1,375M (12-16% growth); adj EBITDA $70-100M; DAU ~441M.
CAPI integrations grew over 300% YoY; global time spent watching content +25% YoY.

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