Snap reports narrower-than-expected loss; won't provide Q3 revenue guidance

Jul. 21, 2022 4:10 PM ETSnap Inc. (SNAP)By: Gaurav Batavia, SA News Editor37 Comments
  • Snap press release (NYSE:SNAP): Q2 Non-GAAP EPS of -$0.02 beats by $0.01.
  • Revenue of $1.11B (+13.0% Y/Y) misses by $20M.
  • Shares -4%.
  • DAUs were 347 million in Q2 2022, an increase of 54 million, or 18%, year-over-year.
  • DAUs increased sequentially and year-over-year in each of North America, Europe, and Rest of World.
  • ARPU of $3.20 vs. $3.20 in 1Q21 vs. $3.35 in 2Q21.
  • Given uncertainties related to the operating environment, we are not providing our expectations for revenue or adjusted EBITDA for the third quarter of 2022.

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