Visual messaging platform Snap Inc. (NYSE: SNAP) reported a narrower net loss for the second quarter of fiscal 2026 amid strong revenue growth. The top line exceeded Wall Street’s expectations.
The company reported a net loss of $163.9 million or $0.10 per share for the second quarter, compared to a loss of $262.6 million or $0.16 per share in the year-ago quarter.
The bottom line benefited from a 19% increase in Q2 revenues to $1.60 billion from $1.34 billion in the comparable quarter of fiscal 2025. Revenues topped analysts’ expectations.
The company had 493 million daily active users at quarter-end, representing a 5.1% increase from the prior-year period.
“We grew revenue by 19%, expanded margins, and generated positive free cash flow while improving advertising performance and rapidly growing our direct revenue business. We remain focused on serving our 971 million monthly active users, delivering measurable value for advertisers, and investing with discipline to increase free cash flow per share over time,” said Evan Spiegel, Snap’s CEO.
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