Snap reported Q2 2026 results with revenue up 18-19% year-over-year to $1.6 billion, beating analyst estimates, while its net loss narrowed to $164 million. Advertising momentum was strong, boosted by World Cup spending and product improvements, and Snapchat+ subscription revenue surged 85% as monthly users approached 1 billion. Shares rose about 13% on the earnings beat but remain down over 30% year-to-date amid intense competition from Meta and TikTok.
- Q2 revenue reached $1.6 billion, up 18-19% YoY, beating analyst estimates
- Net loss narrowed to $164 million; ad business boosted by World Cup spending
- Snapchat+ subscription revenue surged 85% YoY; monthly users approaching 1 billion
- Shares jumped about 13% on the earnings beat but remain down over 30% YTD