Snap's 2019 comeback continues with heavy user growth in Q2

Lucas Matney
Snap's 2019 comeback continues with heavy user growth in Q2

After a tumultuous public debut, the state of Snap in 2019 is slowly improving and Wall Street is responding. The social media messaging company is up nearly 12% after-hours following a beat on Q2 earnings, announcing $388 million in revenue versus the the Zacks consensus estimate of $358.5 million, and a loss of $0.06 EPS versus an expected $0.10 loss. Snap said they had hit 203 million daily active users (up 8% year-over-year), while that had only been expected to reach 191.7 million.