We released TrueSize technology to improve eyewear sizing and wrist tracking technology for accurate watch try-ons. We improved several try-on capabilities with Lens Studio 4.0, including multi-person 3D body mesh, advanced cloth simulation, and a new visual effects editor for more realistic Lenses. We invested and innovated in our camera and augmented reality platforms: See page 11 for reconciliation of GAAP diluted net loss per share to non-GAAP diluted net income (loss) per share.ĭAUs were 293 million in Q2 2021, an increase of 55 million, or 23%, year-over-year.ĭAUs increased sequentially and year-over-year in each of North America, Europe, and Rest of World.ĭAUs increased sequentially and year-over-year on both iOS and Android platforms. See page 10 for reconciliation of cash provided by (used in) operating activities to Free Cash Flow. See page 10 for reconciliation of net loss to Adjusted EBITDA. Non-GAAP diluted net income (loss) per share (3)Ĭommon shares outstanding plus shares underlying stock-based awards “We are pleased by the progress our team is making with the development of our augmented reality platform, and we are energized by the many opportunities to grow our community and business around the world.”Ĭash provided by (used in) operating activitiesĭiluted net loss per share attributable to common stockholders “Our second quarter results reflect the broad-based strength of our business, as we grew both revenue and daily active users at the highest rates we have achieved in the past four years,” said Evan Spiegel, CEO. Operating cash flow was $(101) million in Q2 2021, compared to $(67) million in the prior year.įree Cash Flow was $(116) million in Q2 2021, compared to $(82) million in the prior year.Ĭommon shares outstanding plus shares underlying stock-based awards totaled 1,681 million at June 30, 2021, compared to 1,616 million one year ago. Net loss improved 53% to $(152) million in Q2 2021, compared to the prior year.Īdjusted EBITDA improved 223% to $117 million in Q2 2021, compared to the prior year. Revenue increased 116% to $982 million in Q2 2021, compared to the prior year.
(NYSE: SNAP) today announced financial results for the quarter ended June 30, 2021. Net loss improved 53% and Adjusted EBITDA improved 223% year-over-year
Revenue increased 116% year-over-year to $982 million Daily Active Users increased 23% year-over-year to 293 million
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