• Snap pops more than 16% on earnings beat and user growth

    4 days ago - By Up Worthy

    Snap on Thursday reported its second quarter earnings, beating expectations across the board for earnings, revenue and user growth.
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  • Twitter's Daily Active User Base Rises 11% In Q2 As Social Media Firm Tops Estimates

    4 days ago - By Deadline

    Twitter exceeded Wall Street forecasts in the second quarter despite a slight downturn in users compared with the previous quarter. Total revenue of almost $1.2 billion and diluted earnings per share of 8 cents both came in well ahead of expectations. The company's daily active user base was 206 million as of the June 30...
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  • Twitter Surpasses 200 Million Daily Users, Beats Q2 Earnings Projections

    4 days ago - By The Wrap

    Twitter on Thursday reported it added 7 million new daily users during the second quarter - pushing the company past the 200 million DAU threshold - while also topping Wall Street's Q2 earnings estimates.
    The San Francisco-based company now has 206 million DAUs overall.
    Twitter reported $0.20 earnings per share - well above the 7 cent EPS analysts had projected - while its revenue of $1.05 billion was in-line with analyst expectations.
    “As we enter the second half of 2021, we are shipping more, learning faster, and hiring remarkable talent,” Twitter CEO Jack Dorsey said in a statement...
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  • Snap Posts Record Revenue as Snapchat Adds 13 Million Users in Q2

    4 days ago - By The Wrap

    Snap's Q2 revenue increased 116% compared to the same time last year, the company reported on Thursday afternoon, as Snapchat continued to add new users at a better-than-expected pace during the second quarter.
    Snapchat added another 13 million daily users during Q2, pushing the company to 293 million users overall; analysts were looking for the company to add about 10 million during the quarter.
    At the same time, Snap was close to posting its first billion-dollar quarter in terms of revenue, with the LA-based company bringing in $982 million in sales - well ahead of the $848 million Wall...
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  • Snap Stock Soars 13% On Blowout Quarter; Daily Active Users Hit 293 Million

    4 days ago - By Deadline

    Snapchat parent Snap stock surged 9% Thursday as the company reported a blowout second quarter with beats on the top and bottom line and for daily active users, which hit 293 million - up 23% from the year ago. Revenue soared 116% to $982 million. Net losses narrowed by 53% to $152 million. “Our second...
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