[Snap's Q2 Revenue Exceeds Expectations, Stock Price Soars 13% After Hours] BlockBeats News, August 4 — Snap announced second-quarter revenue of $1.6 billion, a year-on-year increase of approximately 19%, surpassing market expectations. This was primarily driven by World Cup advertising spending and enhanced activities from major clients in North America. After-hours stock price surged by 13% at one point. CEO Evan Spiegel avoided addressing questions about pre-order demand for the Specs smart glasses during the earnings call. The device, priced at $2,195, is set to launch in Los Angeles on September 16. The company's daily active users increased to 493 million, though user numbers in North America and Europe showed a decline.