Earnings

Snap earnings Q2 2020

0


Snap‘s stock price initially plunged more than 11% after hours then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings

Here’s what they reported:

  • Loss per share: 9 cents vs. 9 cents per Refinitiv
  • Revenue: $454 million vs. $439.1 million per Refinitiv
  • Global daily active users (DAUs): 238 million vs. 238.48 million per FactSet
  • ARPU: $1.91 vs. $1.87 per FactSet

The company’s net loss grew to $326 million, up nearly 28% from $255 million last year.

Snap blamed the higher losses on long-term investments to “to build on the momentum we have established with our community, and our advertising…



Source cnbc.com

Tesla (TSLA) earnings Q2 2020

Previous article

DIY renovation projects offer the best return to homeowners — but there’s a catch

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings