(Snap Inc.) Snap Incorporate reported a revenue of $982 million in the second quarter, a 116% jump compared to $454 million in the same quarter last year.
Net loss for the second quarter reduced to $151 billion in the second quarter from a loss of $325 million in the same period in 2020.
EBITDA moved 233% up to $117 million in Q2 from a loss of $95 million in the same period last year.
Snap Inc. operating cash flows for the second quarter were $ (101) million, up from (67) million in the same quarter last year.
Free cash flows slipped further to $ -116 million in Q2 from $ -82 million reported last year.
The daily active users at Snap Inc. increased to 293 million from 238 million users last year, an equivalent of 23% year-over-year.
SNAP: NYSE is up +17.06% on pre-market.
