Snapchat parent Snap Inc. soundly beat Wall Street’s second-quarter forecasts, reporting a loss of 6 cents a share and revenue of $388 million. Wall Street analysts had expected a loss of 10 …
. soundly beat Wall Street’s second-quarter forecasts, reporting a loss of 6 cents a share and revenue of $388 million.
In addition to those financial metrics, the company added 13 million daily active users in the period, reaching 203 million. That compares with 190 million in the first quarter and 188 million in the second quarter of 2018. Hollywood and major media companies keep a close eye on Snap’s Discover platform, which has made a range of content partnership deals to help programmers reach elusive youth audiences.
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