Publishing

Snap Reports Strong Revenue Growth in Q2, but Falls Short on User Growth Expectations

The platform saw 238 million daily active users and brought in $454 million in revenue

snapchat ghost logo with falling money on the isdes
Snapchat added 9 million daily active users since last quarter. Snapchat, Getty Images

By Scott Nover

July 21, 2020

For the second quarter of 2020, Snap reported better than expected revenue growth. But its user base did not reach previous company projections.

Scott Nover
@ScottNover scott.nover@adweek.com Scott Nover is a platforms reporter at Adweek, covering social media companies and their influence.
Recommended articles
You Might Like

Voice Technology Is Changing the Future of Audio Advertising

By Claire Fanning

TV’s Strong Halo Effect Will Enhance Digital Campaign Performance

By Effectv

Upfronts Success Depends on Data and People-Based Identity

By Jay Prasad, Chief Strategy Officer, LiveRamp TV

Navigating Identity Through the New Era of Privacy

By Michael Zacharski, CEO, ENGINE Media Exchange

{"channel":"elasticpress","title":"Recommended","post_types":["post","page"],"lineup_id":"54851","since_qty":30,"since_time":"d","until_qty":0,"until_time":"m","q":"","num_posts":0,"vertical":"performance-marketing"}