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Snap misses on Q2 revenue, declines to forecast its future financial performance

Snap released its second-quarter earnings on Thursday and missed analyst’s expectations. Revenue was $1.11 billion for the quarter, up 13% from the same period a year earlier but coming in below its previous guidance of 20% to 25%. Snap also declined to predict its future financial performance due to “uncertainties related to the operating environment.” The company also reported that its daily active users increased 18% year over year to reach 347 million.
“While the continued growth of our community increases the long-term opportunity for our business, our financial re

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