SNAP shares are down ~6% in after-hours trading after releasing their Q2 earnings numbers.

Overall, the numbers were very solid, at least in my view. ARPU and revenue beat, while margins were strong, and EPS and DAUs came in line.

From the beginning of Q3 to July 19th, SNAP reported that revenue was up 32% Y/Y, though they expect moderation in this growth as the quarter progresses.

Margins, cash bleed, user growth, and ARPU were all strong points for the quarter. SNAP's progress thus far in Q3 was also a point-of-interest for me, I didn't expect a turnaround in the financials that fast.

READ FULL ARTICLE HERE