Snap raised Q3 revenue guidance to $1.70–1.74 billion (versus $1.70 billion expected) and Q3 adjusted EBITDA guidance to $300–350 million (versus $329.9 million expected), with full-year infrastructure costs projected at $1.65–1.70 billion growing modestly year-over-year in Q3.

Snap projects Q3 revenue of $1.70–$1.74 billion versus $1.70 billion expected and adjusted EBITDA of $300–$350 million versus $329.9 million expected.