March 28, 2024

Financial

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.