Snap Q2 Revenue Declines 4% as Ad Woes Persist, Stock Plummets on Weak Outlook

Snap, still wrestling with softer ad sales amid stiff competition in the digital advertising sector, saw its top line drop 4% in the second quarter of 2023 — and while it managed to beat Wall Street earnings estimates, the Snapchat owner’s stock fell on a weaker-than-expected Q3 outlook. For Q2, the company reported revenue of […]
Variety