Snapchat Reports 9 Million Daily Users Added During Coronavirus

SANTA MONICA, CA — Snapchat reports that it's continued to grow during the coronavirus pandemic.

The Santa Monica-based company announced Tuesday that it added 9 million daily users under its Q2 earnings and that it met Wall Street revenue expectations, according to L.A. Biz.

"Snap (NYSE: SNAP) posted net losses of $326 million — backsliding from a loss of $255 million during the same time frame a year ago — and non-GAAP diluted net losses per share of 9 cents compared to 6 cents year ago," L.A. Biz reports. "Revenues increased 17% to $454 million."

Read the full L.A. Biz story.

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