Morgan Stanley Reiterates Underweight on Snap (SNAP) Following 2Q
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Snap Inc. Reports Second Quarter 2018 Results
August 7, 2018 4:10 PM EDTSANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended June 30, 2018.
Financial Highlights
Cash used in operating activities was $(199) million in Q2 2018, compared to cash used in operating activities of $(210) million in Q2 2017.
Free Cash Flow was $(234) million in Q2 2018, compared to $(229) million in Q2 2017.
Common shares outstanding plus shares underlying stock-based awards totaled 1.5 billion at June 30, 2018, compared with 1.4 billion one year ago.
Revenue increased 44% to $262 million in Q2 2018, compared to revenue of $182 million in Q2 2017.
Net loss... More
