Snap's stock jumps 12% on earnings beat and strong sales forecast

Evan Speigel, CEO of Snap, speaks with CNBC on June 16th, 2026.CNBCSnap reported better-than-expected revenue and earnings for the second quarter and issued a forecast for the current period that topped analysts' estimates. The stock jumped around 12% in extended trading. Here's how the company did compared with analysts' expectations:Earnings per share: Loss of 10 cents. That figure is not comparable to analysts' estimates.Revenue: $1.6 billion vs. $1.54 billion expected, according to LSEGGlobal daily active users: 493 million vs. 487 million expected, according to StreetAccountGlobal average revenue per user (ARPU): $3.25 vs. $3.16 expected, according to StreetAccountRevenue in the second quarter rose 19% from $1.34 billion a year earlier, Snap said in a statement. The company's net loss narrowed to $164 million from $262.6 million, or 16 cents per share, a year ago.Adjusted earnings came in at $250 million, ahead of the $192 million estimate, according to StreetAccount.Snap said third-quarter sales should come in between $1.7 billion to $1.74 billion, topping analyst estimates of $1.7 billion. Adjusted earnings will be in the range between $300 million and $350 million. That fig...