Snap beat on both revenue and earnings per share, marking one of its best earning reports to date. In after hours, Snap shares rocketed up after user growth was also reported as an increase.
Revenue came in at 285.7 million compared to estimates of 253.2 million. Earnings per share came in at $0.13 compared to a significantly lower $-0.16.
In this quarter, Snap added 8.9 million active users to reach a total of 187 million. And when it came to operating expenses, Snap lost $350 million compared to the $440 million they lost last quarter.
Plastic-Free July is being observed to highlight the use of plastic and its effects. Cheddar News' Michelle Castillo gave up using single-use plastic for the day and spoke with Kathyrn Kellogg, founder of Going Zero Waste, to get her take.
