Snap: Q2 Earnings Snapshot

July 21, 2022 GMT

SANTA MONICA, Calif. (AP) _ Snap Inc. (SNAP) on Thursday reported a loss of $422.1 million in its second quarter.

The Santa Monica, California-based company said it had a loss of 26 cents per share. Losses, adjusted for one-time gains and costs, came to 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The company behind Snapchat posted revenue of $1.11 billion in the period, which also did not meet Street forecasts. Nine analysts surveyed by Zacks expected $1.14 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNAP at https://www.zacks.com/ap/SNAP