Snap Inc. Announces Second Quarter 2021 Financial Results
SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2021.
Financial Highlights
- Revenue increased 116% to $982 million in Q2 2021, compared to the prior year.
- Net loss improved 53% to $(152) million in Q2 2021, compared to the prior year.
- Adjusted EBITDA improved 223% to $117 million in Q2 2021, compared to the prior year.
- Operating cash flow was $(101) million in Q2 2021, compared to $(67) million in the prior year.
- Free Cash Flow was $(116) million in Q2 2021, compared to $(82) million in the prior year.
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