Jill Goldsmith Co-Business EditorSnapchat parent Snap said daily active users jumped 17% to 239 million in the second quarter, just shy of estimates.
Revenue also rose 17% to $454 million. Net losses widened to $326 million for the three months ended in June from $255 million in the prior year.“We continued to grow our community and business in a challenging and uncertain environment,” said CEO Evan Spiegel. “I am proud of our team for innovating on new experiences for our community and driving value for our partners, demonstrating the importance of our service in people’s lives.
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