SNAP's revenue in the second quarter was $1.6 billion, surpassing market expectations.

SNAP's revenue for the second quarter was $1.6 billion, estimated at $1.54 billion; the adjusted EBITDA for the second quarter was $250 million, estimated at $192.3 million; the daily active users for the second quarter were 490 million, estimated at 490 million. The company expects third-quarter revenue to be between $1.7 billion and $1.74 billion.