Snap rises after beating quarterly revenue estimates

Snap

03/08/2026 21:40

** Social media firm Snap's SNAP.N shares rise 10.7% to $5.58 in extended trading
** SNAP's Q2 revenue jumped around 19% to $1.60 bln vs. analysts' average estimate of $1.54 bln - data compiled by LSEG
** Expects Q3 revenue between $1.70 bln and $1.74 bln; the midpoint of which is above estimates of $1.70 bln
** Daily active users increased about 5% to 493 million in Q2
** As of Monday's close, stock down 37.4% YTD

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))