Q3 Ad Revenue Results: Snap and the Facebook Anticipation via @SusanEDub
Snap had a nice 17% revenue bump in Q2, fueled by the stay-at-home orders during the Covid-19 outbreak. Despite this, they are tempering expectations for continued growth in Q3. Their caution is something that is likely to be reflected across all platforms as the Coronavirus drags on. Snap’s Declining Uptick Snap was already showing growth prior to Covid. It beat estimates in Q2, with a 17% year over year growth in revenue. Q3 also had a very bullish start in daily active users initially, but the number dropped as society reopened. Based on their commentary, it also sounds as though […]
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