Snap SNAP, -1.68% cut its losses in half, posting a net loss of $151.6 million, or 10 cents a share, compared with a loss of $326.0 million, or 23 cents a share, a year earlier.

Did Snapchat beat earnings?

July 22 (Reuters) - Snap Inc (SNAP. N) on Thursday beat Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapchat attracted more users.

Will Snap be profitable?

As of now, Snap is firmly in the red, but it has made significant progress in improving its bottom-line metrics. If Snap can grow sales as much in 2021 as it did last year, then it certainly has a shot at reaching "true" profitability in terms of net income and free cash flow.