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Snap's Stock Races to All-Time High After Big Q2 Growth

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thewrap.com
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Snapchat's revenue hitting $982 million during Q2, which set a company record for a single quarter and topped analyst estimates of $848 million in sales.

Snap also reported an unexpected 10 cents earnings per share, compared to the 1 cent loss analysts projected.At the same time, Snap's 13 million users added during Q2 was about 3 million more than analysts had expected.

Snapchat now has 293 million daily active users, and the company said it expects to pass the 300 million DAU milestone during Q3. "Our second quarter results reflect the broad-based strength of our business, as we grew both revenue and daily active users at the highest rates we have achieved in the past four years,” Snap CEO Evan Spiegel said in a letter to.

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