Q2 snap revenue in 2022 was $1.11 billion, with a year-on-year increase of 13% From Snap financial report

The following is the Q2 snap revenue in 2022 was $1.11 billion, with a year-on-year increase of 13% From Snap financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

The share price of snap, the parent company of “burn after reading” communication application snapchat, plummeted by more than 26% after hours on Thursday, after the company announced disappointing second quarter earnings and said it planned to slow recruitment. The financial report shows that snap lost 2 cents per share after adjustment in the second quarter, and the market is expected to lose 1 cent; The revenue increased by 13% year-on-year to US $1.11 billion, and the market is expected to be US $1.14 billion; There are 347million daus worldwide, and the market is expected to be 344.2 million.

Snap said that the company would not provide performance guidance for the third quarter because “forward-looking visibility is still very challenging.” The company said that revenue in the third quarter would be “roughly flat” with the same period last year, while the market was expected to grow by 18%.

Snap’s share price has fallen by nearly two-thirds so far this year. In May, snap said it would not meet the second quarter guidance set last month, causing its share price to plummet by 43%.

Snap said, “the second quarter of 2022 proved to be more challenging than we expected.”. The company also said it plans to “significantly slow down the pace of recruitment and the growth of operating expenses.”

Snap also announced a stock repurchase plan of up to $500million.

Snap shares closed up 5.42% at $16.35 on Thursday.

More reading: snap financial report diagram: Q4 snap net loss of $192million in 2018 narrowed year-on-year. Snap financial report: Q3 snap net loss of $443.2 million in 2017 was lower than Wall Street expectations. Blue Hole financial report: Q1 Blue Hole PC sales reached $82.3 million in 2022, with a year-on-year increase of 61%. Tencent Financial Report: Q3 Tencent net profit of 20.38 billion yuan in 2019, with a year-on-year decrease of 13%. HTC financial report: HTC revenue in August 2017 fell by 54.4% year-on-year, the lowest level in 13 years. HTC financial report: February 2018 HTC Revenue fell by more than 44% year-on-year, the lowest in more than 13 years. FOSS patents: one third of Qualcomm’s revenue came from Apple’s patent fees. Cdpr financial report: Q1 cdpr profit in 2021 fell by 65% year-on-year. Qualcomm financial report: Q3 revenue in fiscal 2019 was $4.9 billion, down 13% year-on-year. Ericsson financial report: Q3 gross profit margin in 2015 was 33.9%, down 1.3% year-on-year. Micron financial report: Q1 sales in 2015 were $4.573 billion, up 13% year-on-year. Nokia financial report: Q3 revenue in 2014 was $4.2 billion Now it has increased NVIDIA’s financial report for the first time since 2011: in Q2 2014, NVIDIA’s revenue was $1.1 billion, with a year-on-year increase of 13%. Lenovo’s financial report: Lenovo Group’s net loss in 2015 was $128million, from profit to loss. Suning cloud business: Suning cloud business is expected to have a net profit of more than 4.1 billion in 2017

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