earnings
confidence high
sentiment positive
materiality 0.75
Snap Q2 revenue $1.6B (+19% YoY); net loss narrows to $164M; Q3 revenue guidance $1.70-1.74B
Snap Inc
- Revenue $1,599M (+19% YoY); advertising revenue +9% to $1,280M; other revenue +85% to $316M.
- Net loss $164M vs $263M prior year; adjusted EBITDA $250M vs $41M (505% increase).
- Operating cash flow $176M; free cash flow $121M; gross margin 58% (up 7pp YoY).
- Q3 revenue guidance $1.70-1.74B; adjusted EBITDA guidance $300-350M.
- DAU 493M, MAU 971M; restructuring charges $128.5M excluded from adjusted EBITDA.