Snapchat Q2 2020 Earnings Report
Key Takeaways
Snap Inc. announced its Q2 2020 financial results, revealing a 17% year-over-year increase in revenue to $454 million and a 17% increase in Daily Active Users (DAU) to 238 million. The company continued to invest in its Discover platform, camera, and augmented reality platforms, as well as strengthened its ad platform.
Daily Active Users (DAUs) increased 17% year-over-year to 238 million.
Revenue increased 17% year-over-year to $454 million.
Operating cash flow improved 31% year-over-year to $(67) million.
Snapchatters opened Snapchat over 30 times every day on average.
Snapchat
Snapchat
Snapchat Revenue by Geographic Location
Forward Guidance
Due to uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macro conditions, the company is not providing expectations for revenue or Adjusted EBITDA for the third quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income