Snap Inc. (SNAP) Stock: Q2 Revenue Jumps 19% as Free Cash Flow Surges
TLDR
-
Snap revenue climbed 19% to $1.60 billion as advertising demand strengthened.
-
Free cash flow jumped fivefold to $121 million from $24 million a year ago.
-
Adjusted EBITDA surged to $250 million as Snap expanded its operating margins.
-
Snap narrowed its quarterly net loss to $164 million from $263 million last year.
-
Snap shares advanced after stronger earnings and sharply improved cash generation.
Snap (SNAP) shares closed 7.46% higher at $5.04, then advanced 6.34% pre-market to $5.37. The gains followed stronger second-quarter revenue, wider margins, and sharply improved cash generation. Snap also reduced its quarterly loss while maintaining a large global user base.
Snap Q2 Revenue Rises 19%
Snap generated $1.60 billion in second-quarter revenue, up from $1.35 billion one year earlier. The result marked 19% annual growth and showed stronger momentum across the company’s main operations. Advertising improvements and direct revenue growth supported the quarterly increase.
The company continued refining its advertising tools to produce clearer results for business customers. Better campaign performance helped strengthen demand across Snap’s digital advertising platform. Meanwhile, direct revenue added another source of growth beyond the core advertising business.
… Continue reading the full article at the original source below.
