Snapchat remains unprofitable after 15 years despite reaching 971 million monthly active users, with the stock down over 30% year to date. In the second quarter, the company reported 19% year-over-year revenue growth to $1.6 billion, but still posted a net loss of $164 million, a negative net profit margin of roughly 10%. Snapchat expects adjusted EBITDA of $300 million to $350 million in the third quarter, up from $250 million in the second quarter, and anticipates positive net income in 2027, though a multi-year dilution management program starting that year may offset some benefits. User growth is slowing, with daily active users in North America down 6% year over year and in Europe down 2%, while the U.S. and Europe together account for 81% of revenue, and ARPU outside these regions is only $1 compared to $10.26 in the U.S.
Snap IncReports net loss and negative margin despite revenue growth, with stock down over 30% YTD.
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