Snap Revenue Beat, User Growth Not Enough To Excite Shares In Q2
1. Snap's Q2 revenue rose to $1.345 billion, beating estimates slightly. 2. Company reported a loss of 16 cents per share, matching analyst expectations. 3. Monthly active users grew to 932 million, a 7% increase year-over-year. 4. Spotlight feature usage surged, now representing over 40% of content time. 5. Snap is diversifying revenue through AI advancements and launching AR glasses by 2026.