SNAP Stock Jumps 7% After-Hours — Snap Beats Q2 Estimates, Issues Consensus-Beating Q3 Outlook On Ad Recovery And Subscription Growth
Snapchat posted 19% revenue growth and expanded its user base in Q2 while preparing for the commercial rollout of its new Specs hardware. Q2 revenue reached $1.60 billion, up 19% year-over-year, beating analyst projections on the strength of digital advertising and subscription growth. Daily Active Users grew to 493 million. Free Cash Flow reached $121 … Read more