Snap Made $181 Million During the Second Quarter From 173 Million Daily Active Users

But revenue was lower than expected and user growth slowed

All eyes in the tech world were on Snap today to see if the recently public app pulled off a successful second quarter, particularly with Wall Street’s growing concerns about the company staying ahead of competitor Instagram.

Overall, Snap reported worse-than-expected earnings, with lower revenue and slower growth in daily average users.

During the second quarter of 2017, Snap made $181.7 million from 173 million daily active users, up from $149.6 million from the previous quarter. Second-quarter revenue missed a Thomson Reuters estimate of $186.2

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