They also launched 177 new International Discover DISCA Channels, including 36 in the UK and 24 in India, one of which is a partnership with Sony Pictures Network to launch five Shows. On the content side, the company aired eight new and renewed Snap Originals, including Swae Meets World, a documentary featuring American musician Swae Lee as he prepares to launch a solo album.
For Q2 2021, revenue increased 116% y-o-y to $982 million while net loss reduced by more than 50% to $152 million compared to the same period of the previous year. The stock has gained on the back of positive Q1 and Q2 results as well as positive traction for its new content offerings.
Since the start of 2021 Snap’s stock has gained 48% to $74. Snap’s Stock Rallied On New Offerings – Will It Slow Down Now?
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