Snapchat Q2 2021 Earnings Report
Key Takeaways
Snap Inc. reported a significant increase in revenue and daily active users (DAU) for Q2 2021. Revenue increased by 116% year-over-year to $982 million, and DAU increased by 23% year-over-year to 293 million. The company's net loss also improved by 53% compared to the prior year.
Revenue increased by 116% year-over-year, reaching $982 million.
Daily Active Users (DAU) increased by 23% year-over-year, totaling 293 million.
Net loss improved by 53% compared to the previous year, amounting to $(152) million.
Adjusted EBITDA improved significantly by 223% year-over-year, reaching $117 million.
Snapchat
Snapchat
Snapchat Revenue by Geographic Location
Forward Guidance
Snap Inc. estimates revenue to increase approximately 58% to 60% year-over-year, resulting in estimated revenue between $1,070 million and $1,085 million for Q3 2021. Adjusted EBITDA is estimated to be between $100 million and $120 million.
Positive Outlook
- Revenue is estimated to increase approximately 58% to 60% year-over-year.
- Estimated revenue between $1,070 million and $1,085 million.
- Adjusted EBITDA is estimated to be between $100 million and $120 million.
- Guidance assumes constant foreign currency rates.
- Results are based on assumptions believed to be reasonable as of July 22, 2021.
Challenges Ahead
- Forward-looking statements are subject to substantial uncertainty.
- Guidance assumes that no business acquisitions, investments, restructurings, or legal settlements are concluded in the quarter.
- Results may be materially affected by many factors.
- The ongoing COVID-19 pandemic may continue to affect the business.
- Future acquisitions or investments could impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income