Snap reported second-quarter revenue of $1.6 billion, up 19% year-over-year, beating estimates of $1.54 billion. Global daily active users reached 493 million versus the 487 million expected. Net loss narrowed to $164 million from $262.6 million a year ago, while adjusted earnings of $250 million exceeded the $192 million estimate. For the third quarter, Snap forecasts sales between $1.7 billion and $1.74 billion, topping analyst expectations.
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