Snap Reaches 293M Users, Revenue Sharply Increases
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT The company reported $982 million in revenue for the second quarter of 2021. Snap, the parent company of Snapchat, on Thursday reported a 116 percent increase in revenue in its second quarter and a 23 percent increase in daily active users. The company made $982 million in Q2 and has reached 293 million daily active users, according to a report released ahead of Snap’s earnings call. The company also decreased its net loss to $152 million, compared to $326 million in the previous year. “Our second quarter results reflect the broad-based strength…