Get Ready for Snap Inc.'s Growth to Slow Down
Snap Inc. (NYSE: SNAP) may be losing heaps of money, but the company behind the popular Snapchat app is growing fast. Second-quarter revenue soared 153% year over year to $181.7 million, while revenue through the first half of the year surged 200% to $331.3 million. This triple-digit growth makes the $18 billion market capitalization more palatable.
Unfortunately for investors, Snap's explosive growth isn't long for this world. Year-over-year comparisons have been as easy as they get thus far, an effect of Snap's relatively recent effort to ramp up revenue. The comparisons only get harder from here on out.
Image source: Snap.
Source: Fool.com
