The earnings call highlighted significant user growth and revenue increases, particularly in Snapchat+ and augmented reality engagement. However, challenges such as an ad platform issue and flat user growth in North America were notable. Despite these challenges, the positive highlights, such as revenue growth and increased engagement, suggest a strong overall performance.

Company Guidance

During Snap Inc.'s Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and insights into its financial performance and strategic initiatives. The company reported a 7% year-over-year increase in Monthly Active Users (MAU), reaching 932 million, and a 9% increase in revenue, totaling $1.34 billion. Snapchat+ subscriptions approached 16 million, contributing significantly to a 64% year-over-year growth in other revenue, nearing a $700 million annualized run rate. The adjusted EBITDA for the quarter was $41 million, with a free cash flow of $24 million, and the company ended the quarter with $2.9 billion in cash and marketable securities. Snap is advancing its augmented reality (AR) platform, with Snapchatters engaging with AR lenses over 8 billion times daily and preparations underway for the 2026 public launch of its AR glasses, Specs. The company aims to drive future growth through innovations in AI and machine learning, as well as by enhancing its advertising platform for small and medium-sized customers, who were the largest contributors to ad revenue growth in Q2.

Monthly Active Users Growth

Snapchat reached 932 million Monthly Active Users in Q2, an increase of 64 million or 7% year-over-year.

Revenue Increase

Revenue increased 9% year-over-year to reach $1.34 billion in Q2, driven by growth in small and medium customers.

Snapchat+ Subscriber Growth

Snapchat+ approached 16 million subscribers in Q2, growing 64% year-over-year to reach an annualized run rate of nearly $700 million.

Augmented Reality Engagement

Snapchatters used AR lenses more than 8 billion times each day, with over 400,000 creators from nearly every country building more than 4 million lenses.

Spotlight Engagement

Time spent on Spotlight grew 23% year-over-year in Q2, reaching 550 million monthly active users.

Free Cash Flow

Generated $24 million of free cash flow in Q2, with $392 million over the trailing 12 months.

Snap (SNAP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SNAP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	-0.12 / -	-0.09	―	―	―
Jun 30, 2025	2025 (Q2)	-0.15 / -0.16	-0.15	-6.67% (-0.01)	―	―
Apr 29, 2025	2025 (Q1)	-0.13 / -0.08	-0.19	57.89% (+0.11)
Feb 04, 2025	2024 (Q4)	-0.04 / 0.01	-0.15	106.67% (+0.16)
Oct 29, 2024	2024 (Q3)	-0.14 / -0.09	-0.23	60.87% (+0.14)
Aug 01, 2024	2024 (Q2)	-0.16 / -0.15	-0.24	37.50% (+0.09)
Apr 25, 2024	2024 (Q1)	-0.26 / -0.19	-0.21	9.52% (+0.02)
Feb 06, 2024	2023 (Q4)	-0.17 / -0.15	-0.18	16.67% (+0.03)
Oct 24, 2023	2023 (Q3)	-0.24 / -0.23	-0.22	-4.55% (-0.01)
Jul 25, 2023	2023 (Q2)	-0.25 / -0.24	-0.26	7.69% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SNAP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$8.69	$9.35	+7.59%
Apr 29, 2025	$9.09	$7.96	-12.43%
Feb 04, 2025	$11.60	$10.63	-8.36%
Oct 29, 2024	$10.89	$12.62	+15.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.