Snap Inc. Reports Strong Q2 Revenue Growth

Snap Inc. has announced a significant 9% increase in revenue for the second quarter of fiscal 2025, reaching $1.3 billion compared to the same period in 2024.

Financial Performance and User Growth

Despite the revenue growth, the company reported a net loss of $263 million, with a diluted net loss per share of $0.16, slightly higher than the previous year's figures. On a positive note, monthly active users saw a 7% year-over-year increase, totaling 932 million.

CEO's Vision for the Future

"Our global community continues to expand, reaching 932 million Monthly Active Users as we invest in AI and augmented reality," stated CEO Evan Spiegel. He highlighted the potential for accelerated growth through improved advertiser performance and the broader rollout of Sponsored Snaps.