Snap's second‑quarter revenue topped estimates, driven by higher ad spending linked to the FIFA World Cup and strong performance from large North American advertisers, sending i...
Snap's second‑quarter revenue topped estimates, driven by higher ad spending linked to the FIFA World Cup and strong performance from large North American advertisers, sending its shares up about 13% in after‑hours trading. The company has been emphasizing direct‑response ads and AI‑powered tools to attract marketers. Daily active users rose roughly 5% to 493 million, maintaining growth rates from the prior two quarters, while North America and Europe saw slight declines. Revenue increased about 19% to $1.60 billion, exceeding the $1.54 billion analyst expectation. Adjusted earnings before interest, taxes, depreciation and amortization are projected at $300 million to $350 million, above the $329.9 million estimate. Snap expects third‑quarter revenue of $1.70 billion to $1.74 billion. It continues to monitor evolving legal and regulatory issues that could affect its business. The company will discuss its AR glasses, Spects, at a launch event in Los Angeles on September 16. Snap faces ongoing competition from Meta and other platforms, with its shares down about 37% year‑to‑date.
- Publisher
- reuters
- Reliability
- high
- Published
- 8/4/2026, 10:00:15 AM
- Retrieved
- 8/4/2026, 10:00:15 AM
- Relevance
- 80%
- Confidence
- 85%

