Overview
- Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations.
- The company said its second-quarter sales grew 9% year over year while it recorded a net loss of $262.6 million. The company’s net loss during the same quarter last year was $248.6 million.
- Snap said third-quarter revenue will come in between $1.475 billion and $1.505 billion, ahead of Wall Street estimates of $1.475 billion.
Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations.
Here is how the company did compared with Wall Street’s expectations:
- Earnings per share: Loss of 16 cents. That figure is not comparable to analysts’ estimates.
- Revenue: $1.34 billion vs. $1.35 billion expected, according to LSEG
- Global daily active users: 469 million vs. 467 million expected, according to StreetAccount
- Global average revenue per user (ARPU): $2.87 vs. $2.90 expected, according to StreetAccount
Source: https://www.cnbc.com/2025/08/05/snap-q2-earnings-report-2025.html