Snapchat reports continued losses as Kenya inflation rises

Snapchat continues to face profitability challenges 15 years after its inception. Despite reporting 19% year-over-year revenue growth and narrowing losses in its second-quarter results, the company reported a net loss of $164 million on $1.6 billion in revenue. While leadership anticipates positive net income by 2027, the company's revenue growth trails competitors like Meta Platforms.

In Kenya, the annual inflation rate rose slightly to 6.5% in July 2026, up from 6.4% in June. Although this remains within the Central Bank of Kenya's target range of 2.5% to 7.5%, rising food and fuel prices continue to impact consumer purchasing power. Investment data from Liberty Life shows varying year-to-date gross returns across different portfolios, ranging from 5.24% in cash to 13.87% in aggressive portfolios.