SNAP Q2 Earnings Match Estimates, User Growth Drives Revenues
SNAPSnap(SNAP) ZACKS·2024-08-02 23:26

Snap (SNAP) reported second-quarter 2024 earnings of 2 cents per share, which was in line with the Zacks Consensus Estimate. The company had incurred a loss of 2 cents in the year-ago quarter. Revenues increased 15.8% year over year to 1.23billionbutmissedtheZacksConsensusEstimateby1.291.23 billion but missed the Zacks Consensus Estimate by 1.29%.Geographically, revenues from North America (62.1% of revenues) increased 11.8% year over year to 767.5 million. Revenues from Europe (18.6% of revenues) increased 26.2% to $229.8 million. Revenues from Rest of t ...