Evan Spiegel, founder and CEO of Snapchat (Frederic J. Brown/Getty Images)

Snap dives after narrowly missing earnings expectations

Snap posted earnings after the bell Tuesday.

8/5/25 3:20PM

Snap slightly missed expectations, posting a loss per share of $0.16 and $1.34 billion in sales in its second-quarter earnings report. FactSet’s analyst consensus had an estimated loss of $0.15 per share and revenue of $1.35 billion. Average revenue per user came in slightly lower than expectations as well, at $2.87 versus FactSet’s $2.89. Shares plummeted roughly 15% in after-hours trading.

“Our global community continued to grow in Q2, reaching 932 million Monthly Active Users as we continued to invest in AI and augmented reality,” CEO Evan Spiegel said in the earnings release. “With meaningful inventory and conversions growth this quarter, including the broader rollout of Sponsored Snaps, we’re excited about the opportunity to translate improved advertiser performance into topline acceleration.”

Last quarter, the stock took a dive after the company beat earnings expectations but didn’t provide Q2 guidance.

Investors have been watching how tariffs and the end of the de minimis exemption could indirectly affect companies that make their money on advertising. For tech giants like Google and Meta, those haven’t been a big issue.

Bulls had hoped that growth in the company’s subscription business and “direct response” ads, as well as Snap’s upcoming smart glasses, might offset other headwinds.

Nia Warfield, Luke Kawa

Another record high for stocks as tech heavyweights put market on their shoulders

All of the gains on Monday are attributable to Nvidia and Apple.

Bull charging across sand creating dust cloud

Max Knoblauch10h

Chinese EV maker Nio sinks as a surge of orders for its new SUV create a 6-month backlog

Shares of Nio are falling Monday on the bittersweet news that its latest SUV (the ES8, priced to compete with Tesla’s Model Y) is too popular.

According to Chinese media reports, up to 50,000 ES8 orders may have been placed in the vehicle’s first 36 hours, surpassing Nio’s 40,000-vehicle production cap for this year.

Customers now ordering the ES8 won’t receive their vehicle for 24 to 26 weeks, or six months.

Nio CEO William Li said that the ES8’s production capacity will reach 15,000 units by December.

Nio Says ES8 Orders Placed Today Face 6-Month Wait

Customers now ordering the ES8 won’t receive their vehicle for 24 to 26 weeks, or six months.

Nio CEO William Li said that the ES8’s production capacity will reach 15,000 units by December.

Jon Keegan, Nate Becker

11h

Nvidia jumps on plans to invest up to $100 billion in OpenAI as part of data center expansion

Shares of Nvidia vaulted on the news, as CEO Jensen Huang says the new project would involve 4 million to 5 million GPUs.

J. Edward Moreno

11h

Moderna rises after RFK Jr. vaccine panel’s less-draconian-than-expected Covid recommendation

While ACIP’s vote means less people may be able to access Moderna’s vaccine than before, it’s less severe than the outright ban some were expecting.

Matt Phillips11h

US toys with making the world’s worst investment

Argentinian government bonds are up big today on reports that the US is considering some sort of a bailout for the chronically messy Latin American economy currently led by Trump-allied right-wing populist Javier Millei.

The country’s foreign minister knocked down previous reports that Argentina was negotiating a $30 billion loan with the US.

But Treasury Secretary Scott Bessent just came out saying that “all options” are being considered to stabilize the country’s currency, which plunged as Millei’s attempt to radically remake the economy with deep spending and tax cuts has shown signs of sputtering amid a series of government corruption scandals. Bessent even went so far as to say Argentina is a “systemically important” US ally, using a term of art that’s often bandied about when bailouts are in the offing.

For the record, lending Argentina US taxpayer money seems a bad idea.

The country has defaulted on foreign loans nine times, giving it one of the world’s worst credit histories. In fact, it’s defaulted three times since 2000, including in 2019, after the last attempt to “reform” the country lured in foreign lenders once again.

Bessent Says ‘All Options’ on Table to Steady Milei’s Argentina