• General
  • July 22, 2020
  • 3 minutes read

Brief: Snap’s Q2 Results

Snap CEO Evan Spiegel. Photo by Steve Jennings/Getty Images for TechCrunch Social media company Snap Inc just announced its financial…

Snap CEO Evan Spiegel.

Photo by Steve Jennings/Getty Images for TechCrunch

Social media company Snap Inc just announced its financial results for the second quarter of this year, indicating $454 million in revenue, up 17% year-over-year, on $326 million in losses, up 28% year-over-year. During the quarter, Snapchat’s daily active user number increased by 17% year-over-year to 238 million. In the quarter, Snapchat says more than 180 million users engaged with augmented reality daily. The second quarter marked the release of a handful of new Snapchat features such as Voice Scan, Brand Profiles, and bite-sized apps.

Due to uncertainties surrounding the coronavirus pandemic, Snap isn’t providing financial guidance for the third quarter of this year.




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