Friday, October 23, 2026|20°C Partly Cloudy
Next edition scheduled
Your Personal Daily Intelligence
Edition 2026-08-04

BUSINESS

Snap Beats Revenue Estimates on World Cup Ad Boost, Shares Rise

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...

By reuters · 82d ago · Source: reuters

Full article

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.

Source transparency

Publisher
reuters
Reliability
high
Published
8/4/2026, 10:00:15 AM
Retrieved
8/4/2026, 10:00:15 AM
Relevance
80%
Confidence
85%
Read original at reuters

Botwin's Morning Wire publishes the full source article for reading convenience. Please visit the publisher for the original presentation and any updates.