Snapchat parent Snap Inc. now has more than 932 million monthly active users, and around 469 million daily active users, as the social platform continues to grow year over year.
In its second quarter earnings report, Snap posted revenue of $1.34 billion, up 9 percent from a year earlier, and a widened net loss of $263 million, compared to a year-earlier net loss of $249 million. The Q2 loss per-share was 16 cents, against a year-earlier per-share loss of 15 cents.
Snap narrowly beat a Wall Street analyst estimate for Q2 revenue of $1.34 billion, or a year-on-year increase of 8 percent.
Snapchat parent Snap Inc. now has more than 932 million monthly active users, and around 469 million daily active users, as the social platform continues to grow year over year.
In its second quarter