Snap's second quarter revenue grew 19% to $1.6B beating estimates, though earnings missed expectations.

Snap reported second quarter revenue of $1.6 billion, up 19% year-over-year and ahead of the $1.54 billion consensus. Daily Active Users (DAU) grew to 493 million, also beating analyst expectations of 491 million. However, the company posted a GAAP EPS loss of $0.10, missing the consensus estimate of a $0.08 loss.

Key Highlights

• Revenue for the second quarter increased 19% year-over-year to $1.6 billion, accelerating from prior periods.
• Daily Active Users (DAU) reached 493 million in the second quarter, beating the 491 million analyst consensus.
• Free Cash Flow showed significant improvement, reaching $121 million compared to $24 million in the same quarter last year.
• Adjusted EBITDA grew substantially to $250 million from $41 million in the prior-year period.