Snap Inc. (NYSE: SNAP) reported second quarter 2021 earnings results today.
Revenues increased 116% year-over-year to $982 million.
Net loss amounted to $151.6 million, or $0.10 per share, compared to $325.9 million, or $0.23 per share, last year. Adjusted EPS amounted to $0.10.
Daily active users increased 23% YoY to 293 million.
For the third quarter of 2021, revenue is expected to increase approx. 58-60% YoY to a range of $1.07-1.08 billion.
The quarterly results surpassed analysts’ projections sending the stock soaring over 13% during after-hours.
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