Snap misses on Q2 revenue, shares plunge 23%

Snap misses on Q2 revenue, shares plunge 23%

Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading.

Here’s how the company performed in the quarter compared to what analysts were looking for, as compiled by Bloomberg.

  • Revenue: $1.11 billion versus $1.14 billion expected

  • Adjusted EPS: -$0.02 versus -$0.05 expected

  • Daily active users: 347 million versus 343.2 million expected

Average revenue per Snap user fell 4.5%…


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