Snap Inc. (SNAP) delivered its second-quarter results after Monday's closing bell, and the numbers were better than Wall Street expected. The company beat analyst estimates on both the top and bottom lines. Here's a closer look at what happened.

Snap Q2 Details

Snap reported a quarterly loss of 10 cents per share, which beat the Street's estimate for a loss of 12 cents, according to market data.

Revenue came in at $1.6 billion, beating the analyst consensus of $1.54 billion and up from $1.35 billion in the same period last year.

Global Daily Active Users (DAUs) grew by 23 million, or 5%, and global Average Revenue Per User (ARPU) was $13.19 over the trailing twelve months.

"Q2 reflects the progress we are making to strengthen our core business and build a more durable financial foundation for Snap," said Evan Spiegel, co-founder and CEO.

"We grew revenue by 19%, expanded margins, and generated positive free cash flow while improving advertising performance and rapidly growing our direct revenue business. We remain focused on serving our 971 million monthly active users, delivering measurable value for advertisers, and investing with discipline to increase free cash flow per share over time," Spiegel added.

SNAP Stock Price Activity: According to data from market data, Snap stock was up 11.90% to $5.64 in Monday's extended trading.