LIVE: Here come Snap's Q2 earnings...
Matt Winkelmeyer/Getty Images
Snap, the parent company of Snapchat, releases its Q2 2018 financial results on Tuesday.
Analysts don't have high hopes for the company, and are expecting flatlining daily active user numbers as it continues to struggle against Facebook-owned Instagram.
Here are the key numbers Wall Street is expecting, via Bloomberg data:
- $249.8 million in revenue
- $-0.18 in EPS (Earnings Per Share)
- 193 million daily active users
The company went public in March of 2017, and has suffered largely ugly numbers ever since. Last quarter, its stock dropped by as much as 24% afte releasing its Q1 earnings report.
Its results come at the tail end of a brutal earnings season for Silicon Valley, which saw huge chunks torn off the valuations of Twitter and Facebook following disappointing numbers, and it remains to be seen if it continues the trend.
Snap Inc. will report its Q2 2018 financial earnings after markets close at 4 p.m. ET / 1 p.m. PT. Business Insider is covering them live, so check back for updates.
Get the latest Snap stock price here.