Overview

• Snap's Q2 revenue of $1.24 billion fell short of analyst expectations of $1.25 billion.
• The company reported a net loss of $249 million, an improvement from last year's $377 million loss.
• Daily active users grew by 9% year-over-year, reaching 432 million, with monthly active users hitting 850 million.
• Snap's advertising revenue struggled, particularly in consumer discretionary sectors like retail and entertainment.
• Analysts have lowered their price targets for Snap, reflecting skepticism about the company's future performance.