Snap's financial report for the second quarter showed a 9% revenue increase to $1.345 billion, alongside a 9% rise in daily active users to 469 million. Monthly active users grew by 7% to 932 million, indicating strong engagement. The company achieved positive free cash flow of $24 million, a turnaround from the previous year's cash burn. However, Snap faced a net loss of $263 million, larger than last year's loss, and saw a decline in adjusted EBITDA to $41 million, raising valuation concerns due to stock-based compensation and dilution.
Snap reported a 9% increase in revenue year-over-year, totaling $1.345 billion, while daily active users rose by 9% to 469 million and free cash flow turned positive.
Despite a net loss of $263 million in the second quarter, which is greater than the previous year's loss, Snap saw significant user engagement and growth in its subscription revenue.
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