On August 1, 2024, Snap Inc. released its financial results for the second quarter of 2024, reporting a 16% increase in revenue to $1.237 billion and a 34% improvement in net loss to $249 million compared to the previous year. The company also saw a significant improvement in Adjusted EBITDA, which rose 243% year-over-year to $55 million. Daily Active Users (DAUs) increased by 9% to 432 million, and the company reached over 850 million monthly active users. Snap Inc. highlighted the doubling of active advertisers and the growth of Snapchat+ subscribers to 11 million. The company anticipates continued growth with a Q3 revenue guidance of $1.335 billion to $1.375 billion and Adjusted EBITDA between $70 million and $100 million. The financial report was furnished to the SEC and included a press release and an investor letter as Exhibits 99.1 and 99.2.

On August 1, 2024, Snap Inc. released its financial results for the second quarter of 2024, reporting a 16% increase in revenue to $1.237 billion and a 34% improvement in net loss to $249 million compared to the previous year. The company also saw a significant improvement in Adjusted EBITDA, which rose 243% year-over-year to $55 million. Daily Active Users (DAUs) increased by 9% to 432 million, and the company reached over 850 million monthly active users. Snap Inc. highlighted the doubling of active advertisers and the growth of Snapchat+ subscribers to 11 million. The company anticipates continued growth with a Q3 revenue guidance of $1.335 billion to $1.375 billion and Adjusted EBITDA between $70 million and $100 million. The financial report was furnished to the SEC and included a press release and an investor letter as Exhibits 99.1 and 99.2.