Yahoo Finance's Seana Smith joined Yahoo Finance Live to break down the key takeaways from Snap's earnings report.

Video Transcript

ADAM SHAPIRO: Seana, I believe you've got Snap earnings, right?

SEANA SMITH: I do, yeah, Adam. I'm going through the numbers. It looks like a pretty solid report here from Snap. Adjusted EPS of $0.10 estimate was for a loss of one cent, so a big beat there. Revenue also coming in better than expected at $982.1 million. The estimate was for $846.9 million. So we're seeing a beat here from Snap on both the top and bottom lines. Daily active users-- we know that that's a key metric that's watched very closely by analysts and by investors-- coming in at 293 million. The estimate was for 290.7 million. That's up 23%, so a beat there, part of the reason why we're seeing the stock jump after hours.

You can see Snap up just around 9%. And they also raise their guidance or beat TheStreet's expectation just in terms of what they're expecting to see in third quarter. Third quarter revenue, Snap saying that they now expect $1.07 billion to $1.09 billion. The estimate was for $1.01 billion. So slightly ahead of expectations there. So beat on top and bottom lines and beat on daily active users. We're seeing the stock jump, with shares up just around 9 and 1/2%. Adam.