Snap Q2 revenue beats estimates, shares rise 6% after hours

Shares of Snap Inc. surged in after-hours trading on Monday, August 3, 2026, after the social media company reported second-quarter revenue and profit that exceeded Wall Street expectations, driven by a rebound in advertising spending from major brands and a boost from the FIFA World Cup.

The company posted revenue of $1.60 billion for the quarter, an increase of approximately 19% from the same period last year and above analyst estimates of about $1.54 billion. Its net loss narrowed to $164 million from $262.6 million a year ago. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was $250 million, also surpassing forecasts.

Chief Executive Officer Evan Spiegel said the results reflect progress in the company's advertising strategy. He stated that after several quarters of improving its ad products and sales approach, the company saw better momentum with large advertisers in North America. World Cup-related spending also contributed during the quarter, alongside continued strength among small and medium-sized businesses, Spiegel said.

The company issued an optimistic forecast for the current quarter, projecting revenue between $1.70 billion and...