Snap reports increase 9% revenue increase, but loss widens
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Snap Inc. reported second-quarter revenue was $1,345 million, compared to $1,237 million in the prior year, an increase of 9% year-over-year. The quarterly net loss was $263 million, compared to $249 million in the prior year.
“Our global community continued to grow in Q2, reaching 932 million Monthly Active Users as we continued to invest in AI and augmented reality,” said Evan Spiegel, CEO. “With meaningful inventory and conversions growth this quarter, including the broader rollout of Sponsored Snaps, we’re excited about the opportunity to translate improved advertiser performance into topline acceleration.”
Second quarter highlights include:
- The Snapchat community continues to grow, reaching 932 million global monthly active users (MAU) in Q2, an increase of 64 million or 7% year-over-year.
- Daily active users (DAU) were 469 million in Q2 2025, an increase of 37 million, or 9%, year-over-year.
- Spotlight reached more than 550 million monthly active users on average in Q2.
- Spotlight time spent grew 23% year-over-year, now contributes more than 40% of total content time spent.
- The company launched a Snapchat app on Apple Watch, enabling Snapchatters to preview an incoming message and reply using the Keyboard, Scribble, Dictation, or an emoji.
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Three Months Ended June 30, |
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Percent |
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Six Months Ended June 30, |
|
Percent |
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2025 |
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2024 |
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2025 |
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2024 |
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(Unaudited) |
(dollars in thousands, except per share amounts) |
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Revenue |
$ |
1,344,930 |
|
|
$ |
1,236,768 |
|
|
9 |
% |
|
$ |
2,708,147 |
|
|
$ |
2,431,541 |
|
|
11 |
% |
|
Operating loss |
$ |
(259,676 |
) |
|
$ |
(253,975 |
) |
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(2 |
)% |
|
$ |
(453,522 |
) |
|
$ |
(587,207 |
) |
|
23 |
% |
|
Net loss |
$ |
(262,570 |
) |
|
$ |
(248,620 |
) |
|
(6 |
)% |
|
$ |
(402,157 |
) |
|
$ |
(553,710 |
) |
|
27 |
% |
|
Adjusted EBITDA(1) |
$ |
41,270 |
|
|
$ |
54,977 |
|
|
(25 |
)% |
|
$ |
149,695 |
|
|
$ |
100,636 |
|
|
49 |
% |
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Net cash provided by (used in) operating activities |
$ |
88,494 |
|
|
$ |
(21,377 |
) |
|
514 |
% |
|
$ |
240,104 |
|
|
$ |
66,975 |
|
|
258 |
% |
|
Free Cash Flow(2) |
$ |
23,793 |
|
|
$ |
(73,439 |
) |
|
132 |
% |
|
$ |
138,189 |
|
|
$ |
(35,535 |
) |
|
489 |
% |
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Diluted net loss per share attributable to common stockholders |
$ |
(0.16 |
) |
|
$ |
(0.15 |
) |
|
(7 |
)% |
|
$ |
(0.24 |
) |
|
$ |
(0.34 |
) |
|
29 |
% |
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(1) |
See page 10 for a reconciliation of net loss to Adjusted EBITDA. Total restructuring charges for the three and six months ended June 30, 2024, and excluded from Adjusted EBITDA, were $1.9 million and $72.0 million, respectively. No restructuring charges were incurred during the three and six months ended June 30, 2025. |
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(2) |
See page 10 for a reconciliation of net cash provided by (used in) operating activities to Free Cash Flow. |