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Snapchat Users Climb 17% in Q2, Revenue Tops Wall Street Forecast

pandemic reports 2020 innovations

21.07.2020 - 23:27

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variety.com

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Todd Spangler NY Digital EditorSnapchat boosted its user rolls with hefty gain of 9 million in the second quarter of 2020, as the company grew revenue 17% year over year to beat analyst expectations.But investors may have been expecting a bigger coronavirus-fueled lift from Snap, which again did not provide any financial guidance for the current quarter, citing the pandemic.

Shares of Snap were down more than 4% in after-hours trading.For Q2, Snap reported an average of 238 million daily active users in Q2 2020, up 17% year-over-year and a net gain of 9 million for the period.

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