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

What $1 Billion in Transactions Can Teach You About CTV Success

By Steelhouse

Heavy Podcast Listeners Aren’t Just Tuning in to Content—They’re Receptive to Ads, Too

By Hoang Nguyen, Business Data Journalist, YouGov

The Hunt for the Next Best Identity Solution Doesn’t Benefit Consumers

By Tim Glomb, VP Content and Data, Cheetah Digital

Post-Pandemic Shopping Could Create Explosive Growth, But Are You Prepared?

By Celiena Adcock, Head of Go-to-Market and Global Business Marketing, Honey

{"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"}