Quarterly figures
Twitter exceeds expectations-shares rise
Business at Twitter is doing much better than analysts expected. Photo: Monika Skolimowska / zb / dpa
The short news service Twitter has presented its quarterly figures and thus exceeded the forecasts. The number of daily active users also increased.
Business at Twitter is doing much better than analysts expected. The short news service exceeded forecasts with its published figures for the past quarter and the outlook for the next few months.
The stock temporarily jumped about eight percent in after-hours US trading. Twitter’s revenue grew 74 percent year-over-year to just under $ 1.2 billion in the second quarter, according to company figures. The market was expected to reach a good one billion. The service launched its first subscription product last quarter as an additional source of revenue to advertising revenue. For the current quarter, Twitter projected sales of up to $ 1.3 billion.
The number of daily active users that Twitter can reach with advertising in its own apps or in the web version rose from 199 to 206 million within three months.
The bottom line is that Twitter reportedly earned $ 65.65 million after a loss of $ 1.38 billion a year earlier, which at the time was mainly due to a tax provision of nearly $ 1.1 billion.
