Snap reported second-quarter 2026 results showing revenue of $1,598.99 million, a 19% year-over-year increase, and an adjusted EBITDA of $249.6 million. The company generated operating cash flow of $176.2 million and free cash flow of $120.5 million while posting a net loss of $163.96 million for the quarter. Snap said monthly active users reached 971 million and highlighted improvements in advertising performance and growth in direct revenue.
Financial Highlights
- Revenue: $1,598,993 (three months ended June 30, 2026), up 19% year-over-year.
- Operating loss: $(170,721) for the quarter (as reported).
- Net loss: $(163,960) for the quarter; diluted net loss per share: $(0.10).
- Adjusted EBITDA: $249,615 for the quarter (see company reconciliation).
- Cash flow: Net cash provided by operating activities $176,214; Free Cash Flow $120,538 for the quarter.
Business Highlights
- User engagement: Monthly active users (MAU) reached 971 million and daily active users (DAU) were 493 million in Q2 2026.
- Revenue growth drivers: Management cited improved advertising performance and rapid growth in direct revenue channels contributing to the 19% revenue increase.
- Margin and cost actions: The company reported expanded margins and recorded restructuring charges of $128.5 million related to cost-reduction initiatives.
- Product and ecosystem: Snap continues investment in the core Snapchat platform and related services (Bitmoji, Specs subsidiary businesses) while emphasizing disciplined investments to increase free cash flow per share.
Original SEC Filing:
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