more than $400m (£310m) in quarterly misfortunes and less than anticipated clients.
The offer value fall expanded a decay that began very quickly after Snapchat began exchanging on money markets this spring.
The firm announced 173 million every day clients, up 4% on the earlier quarter.
In any case, the organization is battling with furious rivalry from Facebook, which offers comparative components.
'Long haul achievement's
Snap's stock, which was evaluated at $17 for its open offering in March, is currently exchanging at under $14.
On Thursday, CEO Evan Spiegel vowed that he and kindred fellow benefactor Robert Murphy would not offer any of their own offers this year, as an indication of trust in the company's prospects.
The offers were worth billions at the season of the IPO.
"We accept profoundly in the long haul accomplishment of Snap," he told experts on a call after the outcomes were discharged.
Snap made its name as an informing application, with writings that would vanish. It now offers video stories, maps and different components.
The firm said it is attempting to charm sponsors with low costs and confirmation that its advertisements are working - highlights it expectations will separate it from rivals.
'Gaining ground's
Income over the three months to the finish of June was $181.7m, more than twofold a similar period in 2016.
Be that as it may, costs developed significantly quicker, achieving more than $630.6m for the quarter, including costs identified with stock-based pay.
Snap's client base expanded by over 20% year-on-year. In any case, the firm included only seven million new clients in the quarter, contrasted with eight million in the initial three months of the year.
Offers in the firm fell over 14% in twilight exchange.
Mr Spiegel said the organization was making "a great deal of advance".
He assessed that a fourth of individuals with advanced mobile phones in the US, UK and France utilize Snapchat consistently, with clients ordinarily spending over 30 minutes day by day on the site.
GETTY IMAGESRough IPOs
Snap is by all account not the only youthful organization that has lurched subsequent to opening up to the world while going head to head with one of the tech monsters.
The readied feast organization Blue Apron, which began exchanging June, has likewise lost quite a bit of its esteem.
Examiners say Amazon's intend to obtain Whole Foods, consolidating its conveyance quality with an outstanding merchant, has diminished its prospects.
On Thursday, in its first profit report since its securities exchange make a big appearance, Blue Apron detailed more than $238m in income for the three months to the finish of June and misfortunes of $31.6m.
Its offers fell over 17%, to $5.14, contrasted with $10 value set at the IPO.
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