Snap Q2 Revenue Jumps 19% to $16B, Stock Surges 13%

Snap reports $16B Q2 revenue, up 19% YoY, driven by World Cup ads. Stock rises 13% post-market despite DAU growth and regional user declines.

Woofun AI reports that Snap delivered second-quarter revenue of $16 billion, representing a 19% year-on-year increase that surpassed market forecasts. The financial performance was primarily attributed to advertising expenditures related to the World Cup and heightened activity from major North American clients, resulting in a 13% surge in share price during after-hours trading.

CEO Evan Spiegel declined to address pre-order demand for the Specs smart glasses during the earnings call. The device, priced at $2,195, is scheduled for launch in Los Angeles on September 16th. While daily active users reached 493 million, the company noted a decline in user base within North America and Europe.