26/08/2022
Twitter and Snap both reported revenue that came in below expectations in the second quarter amid a flurry of internal and external challenges.
The Snapchat owner’s revenue rose 13% year-on-year to $1.11 billion in Q2. The company in May disclosed it expected to miss its targets for the period, but the figures still disappointed analysts. Snap posted a $422 million loss for the quarter and declined to issue future guidance.