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.

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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.

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