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Jun 30, 2021
Snapchat Q2 2021 Earnings Report
Snapchat's Q2 2021 financials showcased substantial growth in revenue and daily active users.
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
Revenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com 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