Core Viewpoint - Snap Inc. shares have significantly declined, approaching 52-week lows following the announcement of Q2 earnings, which met revenue expectations but fell short on earnings [1] Financial Performance - Q2 earnings were in line with revenue expectations but missed on earnings [1] - The company's stock performance is lagging compared to other social media platforms [1]

Core Viewpoint - The performance of Snap's international operations is crucial for assessing its financial resilience and growth prospects, particularly in the context of its total revenue growth and international market contributions [1][2][9]. Group 1: International Revenue Performance - Snap's total revenue for the quarter reached $1.34 billion, reflecting an 8.8% increase from the previous year [4]. - The "Rest of World" segment generated $258.99 million, accounting for 19.3% of total revenue, which was a 10.54% miss against the consensus estimate of $289.5 million [5]. - European revenues amounted to $265.34 million, representing 19.7% of total revenue, exceeding Wall Street's projection of $251.93 million by 5.33% [6]. Group 2: Future Revenue Expectations - Analysts anticipate Snap's total revenue for the current fiscal quarter to be $1.49 billion, indicating an 8.9% increase year-over-year, with expected contributions from "Rest of World" and Europe at 21.2% ($317.27 million) and 18.1% ($271.03 million), respectively [7]. - For the full year, total revenue is projected to reach $5.88 billion, a 9.6% increase compared to the previous year, with "Rest of World" and Europe expected to contribute 21.7% ($1.27 billion) and 18% ($1.06 billion) of total revenue [8]. Group 3: Market Dynamics and Stock Performance - The reliance on global markets for revenue presents both opportunities and challenges for Snap, making the analysis of international revenue trends essential for forecasting future performance [9]. - Snap's stock has decreased by 18.7% over the past four weeks, contrasting with a 2.7% increase in the Zacks S&P 500 composite, and a 15.3% decline over the past three months compared to a 13.2% increase in the S&P 500 [13].

Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

Analyst's Disclosure:I/we have a beneficial long position in the shares of SNAP, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether ...

Core Insights - The article discusses the potential for investors to capitalize on undervalued stocks that are mispriced by the market as August begins [1] Group 1 - The focus is on identifying investment opportunities in stocks that are currently undervalued [1] - The article suggests that joining a specific investment service could provide insights into these mispriced stocks [1]

Core Viewpoint - The company's second quarter performance was disappointing, leading to a significant drop in its stock price and plans to raise additional capital [1][2]. Financial Performance - The company reported revenue of just under $1.35 billion, reflecting a year-over-year increase of 9% [3]. - Daily active users (DAUs) reached 469 million, with the same percentage increase as revenue [3]. - Average revenue per user (ARPU) increased slightly by $0.01 to $2.87 [3]. - The net loss deepened to almost $263 million ($0.16 per share), compared to a loss of nearly $249 million in the previous year [5]. Analyst Expectations - The financial performance was largely in line with analyst expectations, with revenue matching the consensus estimate of $1.35 billion and the net loss slightly higher than the expected $0.15 per share [5]. Future Guidance - Management provided guidance for the third quarter, anticipating DAUs to rise to around 476 million and revenue to be between slightly under $1.48 billion and just over $1.5 billion [6]. Capital Raising Efforts - The company announced plans to raise $550 million in new borrowings, an increase from the initial target of $500 million, through a series of senior notes with an annual interest rate of nearly 6.88%, maturing on March 15, 2034 [7].

Core Insights - Reddit (RDDT) and Snap (SNAP) are competing for digital ad budgets, with Reddit focusing on community engagement and Snap on visual messaging and AR experiences [1][2] - Both platforms are investing in AI to enhance ad targeting and campaign performance [1][2] Digital Advertising Market - The global social media ad market is expected to grow from $228.18 billion in 2024 to $406.64 billion by 2029, at a CAGR of 12.25% [2] - Brands are increasingly seeking platforms with personalized reach and engaged audiences, benefiting both Reddit and Snap [2] Reddit's Position - Reddit has over 100,000 active subreddits, with Reddit Answers reaching 6 million weekly active users in Q2 2025, a 5x increase sequentially [4][11] - Ad revenues for Reddit grew 84% year over year to $465 million in Q2 2025, with a consensus estimate of $438.33 million for Q3 2025 [6][12] - Daily Active Uniques (DAUq) rose 21% year over year to 110.4 million in Q2 2025, with a consensus estimate of 113.17 million for Q3 2025 [7] Snap's Position - Snap's global user base reached 469 million DAUs in Q2 2025, an 8.6% year-over-year increase [8] - The Snapchat+ subscriber base approached 16 million, supported by new offerings like Lens+ [9][11] - Commerce-driven ad volume grew 39% year over year in Q2 2025, with newer ad formats like Sponsored Snaps showing stronger conversion outcomes [10][12] Financial Performance and Valuation - RDDT shares have increased by 30.2% year-to-date, while SNAP shares have declined by 27.7% [13] - RDDT trades at 17.35X forward Price/Sales, significantly higher than SNAP's 2.09X [11][16] - The Zacks Consensus Estimate for Reddit's Q3 2025 earnings is 34 cents per share, a 112.5% increase year over year, while SNAP's estimate is 4 cents per share, a 50% decline year over year [18] Investment Outlook - Reddit is building momentum through community engagement and improving ad tools, but its monetization model is still evolving [19] - Snap offers a more mature platform with a broader global footprint and deeper youth traction, making it a more attractive investment option [20]

Piper Sandler将Snap的目标价从10美元下调至9美元，维持"中性"评级。(格隆汇) ...

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This is such a self-inflicted wound and the market doesn't seem to be, well, forgiving them for it. Yeah, absolutely. I mean, it really was a dismal quarter for SNAP.And even before I reported its earnings, I was saying that it wasn't looking great for the company and that had less to do with the economic uncertainty and tariffs, which of course, it had warned about at the end of Q1, and more to do with foundational structural issues within its ad platform and its ability to monetize. Now, I obviously could ...