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Snap Blows Past Q2 Forecasts With Record Revenue, Best Snapchat User Growth in Four Years

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variety.com

Todd Spangler NY Digital EditorSnap turned in its highest-ever quarterly revenue in Q2 — more than doubling to $982 million — and netted 13 million daily users, the best growth rate in four years.Snapchat’s daily active users average 293 million in the second quarter, an increase of 55 million, or 23%, year-over-year.

The continued growth shows that Snap is continuing to maintain momentum after seeing huge growth in 2020 fueled by the COVID pandemic.Click here to sign up for Variety’s free Media Earnings newsletter.The company narrowed its net loss to $152 million in Q2 2021, an improvement of 53% compared with the year prior.

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