The numbers are in and Snap is doing
exactly as you might expect. At least the company's net loss was *cough* only $353 million.
- Cash used in operating activities was $(199) million in Q2 2018, compared to cash used in operating activities of $(210) million in Q2 2017.
- Free Cash Flow was $(234) million in Q2 2018, compared to $(229) million in Q2 2017.
- Common shares outstanding plus shares underlying stock-based awards totaled 1.5 billion at June 30, 2018, compared with 1.4 billion one year ago.
- Revenue increased 44% to $262 million in Q2 2018, compared to revenue of $182 million in Q2 2017.
- Net loss decreased 20% to $(353) million in Q2 2018, compared to a net loss of $(443) million in Q2 2017.
