Snap reported its slowest quarterly growth in over a year due to ad platform glitch and competition from Meta, TikTok. Revenue impacted by Ramadan timing, Chinese advertisers reducing budgets. Ad revenue growth declined to 1% in April, but rebounded in May. Snapchat+ subscribers up 42%, daily active users up 9% to 469 million. Third-quarter revenue forecast between $1.48 billion and $1.51 billion.

Read more at Yahoo Finance: Snap’s revenue growth slowest in over a year as competition, ad platform glitch hurt (Aug 5)