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Snap Smashes Q2 Expectations, Stock Takes Off

1 month ago   |   By Hi Tech Edge

Snap, the company behind Snapchat, reported its Q2 results, smashing expectations for revenue and subscriber growth.
Snap turned in one of its best quarters, growing more in Q2 that it has in four years. The company's revenue came in at $982 million, 116% higher than the prior year.
Even more impressive, the platform's daily active users came in at 293 million, an increase of 23% year-over-year.
“Our second quarter results reflect the broad-based strength of our business, as we grew both revenue and daily active users at the highest rates we have achieved in the past four years,” said Evan...
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