Snap Loses $443M On Revenues Of $181M In Second Quarter

Venice-based Snap Inc. announced its quarterly results for its second quarter, saying that it had a net loss of $443.0M on revenues of $181.67M for the quarter ended June 30th, 2017. The company's revenues increased from Q2 of 2016, when it had $71.798M in revenues. According to Snap, it now had daily active users (DAUs) of 173 million in Q2.