Snap Stock Rises After Q2 Beat, Raises AI Infrastructure Spend
Snap reported stronger-than-expected Q2 revenue and adjusted earnings, driving an ~8% jump in extended trading. Q2 revenue was $1.6 billion and global daily active users reached 493 million. Management lifted full-year infrastructure cost guidance by $50 million to $1.65–1.7 billion, citing additional AI and machine-learning investment to support revenue growth. Snap gave Q3 revenue and adjusted-earnings guidance that topped some analyst expectations, and CEO Evan Spiegel said the company is seeing improving momentum in its advertising business, helped by large advertisers and World Cup spending.
- •Snap reported Q2 revenue of $1.6 billion vs. $1.54 billion expected (LSEG).
- •Global daily active users were 493 million vs. 487 million expected (StreetAccount).
- •Adjusted Q2 earnings were $250 million, above the $192 million StreetAccount estimate.
