- Snap reported Q2 revenue of $1.6 billion, exceeding the $1.54 billion analyst estimate, and its Q3 outlook topped analysts' expectations.
- Snap expects Q3 revenue of $1.70 billion to $1.74 billion after stronger advertising spending during the Fifa World Cup and campaign activity from large North American advertisers.
- Snap raised its FY infrastructure-cost forecast by $50 million to a range of $1.65 billion to $1.7 billion.
Quotes
“saw improving momentum in our advertising business.”