Friday, September 25, 2020
Financial Results News

Snap Revenue increased 17% to $454 million in Q2 2020

Daily Active Users increased 17% year-over-year to 238 million

Second quarter revenue increased 17% year-over-year to $454 million

Second quarter operating cash flow improved 31% year-over-year to $(67) million

Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2020.

Financial Highlights

  • Operating cash flow improved by $29 million to $(67) million in Q2 2020, compared to the prior year.
  • Free Cash Flow improved by $21 million to $(82) million in Q2 2020, compared to the prior year.
  • Common shares outstanding plus shares underlying stock-based awards totaled 1,616 million at June 30, 2020, compared to 1,553 million one year ago.
  • Revenue increased 17% to $454 million in Q2 2020, compared to the prior year.
  • Net loss was $(326) million in Q2 2020, compared to $(255) million in the prior year.
  • Adjusted EBITDA was $(96) million in Q2 2020, compared to $(79) million in the prior year.
Snap Inc. Announces Second Quarter 2020 Financial Results
12 thoughts on “Snap Revenue increased 17% to $454 million in Q2 2020
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