Categories AlphaGraphs, Technology
SNAP Earnings: All you need to know about Snap’s Q2 2021 earnings results
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.
Prior performance
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Earnings calendar for the week of July 26
After showing weakness at the beginning of the week, benchmark stock indexes made steady gains even as economic recovery gathered steam. On Friday, the S&P 500 index crossed the 4,400-mark
