Evan Spiegel reports Evan Spiegel

Snap Stock Soars 13% On Blowout Quarter; Daily Active Users Hit 293 Million

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Snapchat parent Snap stock surged 9% Thursday as the company reported a blowout second quarter with beats on the top and bottom line and for daily active users, which hit 293 million — up 23% from the year ago.Revenue soared 116% to $982 million.

Net losses narrowed by 53% to $152 million.“Our second quarter results reflect the broad-based strength of our business, as we grew both revenue and daily active users at the highest rates we have achieved in the past four years,” said Evan Spiegel,

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