CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Understanding Snap's Q2 results in under 60 seconds

We examine the key things you need to know about Snap’s second quarter results in under a minute.

Social media and camera company Snap Inc (NYSE: SNAP) saw its share price fall sharply in after-hours trade following the release of its second quarter (Q2) earnings on Tuesday.

Understanding Snap’s Q2 results in under 60 seconds

Looking at the highlights from these results, on a year-over-year basis, Snap reported:

  • Revenue of US$454 million, up 17%; against adjusted earnings (EBITDA) of negative US$96 million, down 21%
  • 238 million daily active users (DAUs), up 17%. Analysts were expecting 239 million DAUs, according to Bloomberg.
  • That users opened the Snapchat app on average 30 times a day
  • Free cash flow of negative US$82 million, an improvement of 20%

The average analyst rating on Snap is Overweight; while the average price target on the stock is US$23.73 per share, according to MarketWatch.

Snap last traded at US$24.74 per share, though traded down a further 6.35% in after-hours trade.

Want to take a position in Snap, long or short?

Create an IG trading account or log in to your existing account to get started now.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Look closer this US earnings season

Discover opportunities with using our award-winning technology* and range of educational resources.

  • Get expert analysis on upcoming announcements
  • Set automated alerts to never miss an opportunity
  • Choose from 16,000+ shares with our stock screener

* Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.