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Snap net loss balloons from year ago, revenue up 17%

Y2kTheNewOldies

Y2kTheNewOldies

Snap’s stock price initially plunged more than 11% after hours then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its second-quarter earnings.

Here’s what they reported:

Loss per share: 9 cents vs. 9 cents per Refinitiv
Revenue: $454 million vs. $439.1 million per Refinitiv
Global daily active users (DAUs): 238 million vs. 238.48 million per FactSet
ARPU: $1.91 vs. $1.87 per FactSet
The company’s net loss grew to $326 million, up nearly 28% from $255 million last year.
Click to expand...


https://www.cnbc.com/2020/07/21/snap-earnings-q2-2020.html
 
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