By Lisa Lacy

The numbers

For the three months ending June 30, 2017, Snap reported revenue of $182m, up from $71.8m in the year-ago period, but still falling short of Wall Street forecasts of $186.2m.

In addition, Snap said daily active users (DAUs) increased by 7.3 million in Q2 2017, but that’s down from the 8 million it added in the first quarter – and also lower than analyst expectations, which estimated Snap would close out the second quarter with 174.6 million DAUs. Snap now has 173 million DAUs, which is up 21% year-over-year – but only an increase of 4% Read full story ›

Source: The Drum