Shares ofSnapchatparentSnapfell sharply after market asearningsfor the June quarter fell short of Wall Street estimates.
Revenue of $1.24 billion was up 16% from the year earlier quarter but below expectations.
Losses narrowed from $377 million to $249 million.
SnapchatChesnot/Getty Images
Daily active users hit 432 million, up 9%.
We continued to scale our advertising platform with active advertisers more than doubling year-over-year.
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Snap is mostly ad driven, and advertising revenue rose 10%.
Snap shares are volatile, they surged in March after first-quarter numbers.
