Snap Q2 revenue +13% to $1.11B, net loss widens to $422M; $500M buyback, special dividend tied to $40 stock

Snap Inc

Q2 revenue $1.111B (+13% YoY); net loss $422M vs $152M loss in prior year; adjusted EBITDA $7M down 94%.
DAUs reached 347M (+18% YoY); Spotlight time spent grew 59% YoY.
Board authorized $500M stock repurchase program over 12 months.
Special dividend of one Class A share per common share, conditioned on 65-day VWAP ≥$40 (deadline July 21, 2032).
Co-founders Spiegel and Murphy sign employment agreements through Jan 2027 with $1 salary, no equity grants; agree to convert super-voting shares on dividend sales.

item 1.01 item 2.02 item 5.02 item 5.03 item 5.07 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.