Earnings

Snap (SNAP) earnings Q2 2021

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Snap‘s stock rose more than 16% on Thursday after the company reported its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth.

Here’s what Snap reported versus Wall Street’s estimates:

  • Adjusted earnings per share: 10 cents vs. 1 cent loss forecast by Refinitiv
  • Revenue: $982 million vs. $846 million forecast by Refinitiv
  • Global daily active users (DAUs): 293 million vs. 290.3 million per StreetAccount
  • Average revenue per user (ARPU): $3.35 vs. $2.92 per StreetAccountt

Snap said the company was not impacted by Apple’s iOS 14.5 privacy changes as it had anticipated that it would be. This was due to the mobile operating system update rolling out…



Source cnbc.com

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