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

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

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