Snap, Inc. Doesn't Think Its Massive Losses Are Meaningful
Snap (NYSE: SNAP) reported its second earnings release as a public company on Thursday. It wasn't pretty.
Revenue in the second quarter rose 153% to $181.7 million, and the company added just 7 million daily active users (DAUs), bringing its total DAU base to 173 million. That was shy of the 175 million DAUs that the Street was expecting. Of those 7 million new DAUs, only 4 million were within North America, Snap's most profitable geographical segment. The rest came from Snap's Europe and rest of world segments, which includes certain markets that CEO Evan Spiegel considers "poor countries" and do not contribute as much in terms of monetization.
Image source: Pixabay.
Source: Fool.com
