Financial Performance - Revenue for Q2 2025 was $1,345 million, a 9% increase compared to $1,237 million in the prior year[8, 15] - Average revenue per user (ARPU) was $2.87, slightly up from $2.86 in the prior year[8] - Net loss was $263 million, compared to $249 million in the prior year, with a net loss margin of (20)%[8] - Adjusted EBITDA was $41 million, down from $55 million in the prior year, resulting in an Adjusted EBITDA Margin of 3%, compared to 4%[8, 13, 14] - Operating cash flow was $88 million, a significant improvement from $(21) million in the prior year, and free cash flow was $24 million, compared to $(73) million[16] User Engagement - Global monthly active users (MAU) reached 932 million in Q2, an increase of 64 million, or 7%, year-over-year[17, 32] - Daily active users (DAU) were 469 million in Q2 2025, an increase of 37 million, or 9%, year-over-year[20, 38] - Spotlight reached more than 550 million monthly active users on average in Q2, with time spent growing 23% year-over-year, contributing over 40% of total content time spent[20] Augmented Reality - The community uses AR Lenses in the Snapchat camera 8 billion times per day[23] - Lens Games engagement has continued to grow, now reaching more than 175 million monthly active users, up over 40% year-over-year[24]

Financial Performance - Snap reported second-quarter revenue of $1.345 billion, reflecting a 9% year-over-year increase, surpassing the Street consensus estimate of $1.344 billion [1] - The company incurred a loss of 16 cents per share, which aligned with analyst expectations [1] User Growth - Snap ended the quarter with 932 million monthly active users, marking a 7% increase year-over-year [2] - The number of daily active users reached 469 million, up 9% year-over-year [2] Product and Feature Development - CEO Evan Spiegel highlighted the growth in the global community and emphasized investments in AI and augmented reality [3] - Spotlight achieved over 550 million monthly active users on average, with time spent on Spotlight increasing by 23% year-over-year, now accounting for over 40% of total content time spent [3] - Snap Map also grew to more than 400 million monthly active users during the quarter [4] Future Outlook - The company is focusing on diversifying revenue growth through improvements in its ad platform, aided by advancements in AI [5] - Snap plans to launch its first consumer-ready Specs AR glasses in 2026, which is seen as a significant milestone for the company [5] Stock Performance - Following the earnings report, Snap's stock declined by 14.48% to $8.03 in after-hours trading, within a 52-week trading range of $7.08 to $13.28 [6]