Snap 0.84% Drop Amid 52.44% Volume Surge to $610M Ranks 187th in Active Stocks

On August 5, 2025, Snap (SNAP) closed down 0.84% despite a 52.44% surge in trading volume to $610 million, ranking 187th among active stocks. The decline followed the company’s second-quarter earnings report, which revealed a $262.6 million net loss—worsening from $248.6 million in the same period last year. Revenue grew 9% year-over-year to $1.34 billion but fell short of the $1.35 billion forecast by LSEG, while global average revenue per user at $2.87 lagged below the $2.90 StreetAccount target.

Adjusted EBITDA for the quarter came in at $41 million, trailing the $53 million projected by StreetAccount. Despite this, Snap projected third-quarter revenue between $1.475 billion and $1.505 billion, matching the low end of Wall Street estimates. The company also announced a reorganization of engineering teams to align with business functions, with core applications reporting to CTO Bobby Murphy and monetization teams under COO Ajit Mohan. CEO Evan Spiegel emphasized the move would enhance innovation and operational ownership.

Subscription revenue from Snapchat+ rose 64% year-over-year to $171 million, driven by 16 million subscribers by Q2. However, operating expenses increased 10% to $654 million, reflecting ongoing cost pressures. The firm also disclosed the departure of senior engineering VP Eric Young, who joined from Google in 2023.

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