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Snap shares plummet 15% after weak second quarter revenue metric
UNITED STATES, AUG 5 – Snap's daily active users grew to 469 million but revenue missed estimates by $10 million, leading to a 14% stock decline after reporting a net loss of $262.6 million.
- Snap Inc. reported second-quarter 2025 revenue of $1.34 billion with a net loss of $263 million, while its stock dropped more than 14% after hours.
- The decline followed botched changes to Snap’s advertising platform and economic headwinds that led to delayed guidance and concerns over ad revenue growth.
- Snap's advertising revenue rose 4% year-over-year to $1.17 billion in Q2, driven mainly by growth in direct response advertising as brand marketing remained flat.
- Snapchat’s daily active users rose to 469 million in the second quarter, while CEO Evan Spiegel reported that the monthly active user base expanded to 932 million during the same period.
- Snap projects its third-quarter revenue to fall between $1.475 billion and $1.505 billion, with daily active users around 476 million, and plans to introduce its first independently operating, lightweight AR glasses called Specs in 2026.
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·India
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Coverage Details
Total News Sources21
Leaning Left7Leaning Right1Center6Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 43%
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