Twitter Reports Small User Growth and Profits in Second Quarter

Twitter Reports Small User Growth and Profits in Second Quarter

Twitter Reports Small User Growthbr and Profits in Second Quarter In the last three months, Twitter only grossedbr an operating income of $76 million, which isbr $18 million less than its first quarter. Out of their total quarterlybr revenue of $841 million, Twitterbr earned a net profit of $37 million. These results are in part due to the addition of onlybr 5 million new daily active users to the platform. Their daily user figures are not calculated by thebr number of accounts, but rather by the numberbr of daily users that are “monetizable” (mDAU). While these numbers aren’t groundbreaking,br they can be considered a result of thebr profitable “stasis” Twitter has reached. Twitter’s mDAU figure was 120 million at thebr beginning of 2018 and now sits at 139 million. They reported that $727 million of their revenuebr this quarter was earned by selling ads, with anbr additional $114 million made from data licensing. Twitter expects to make $875 million inbr revenue next quarter, with an operatingbr income of, at most, $80 million.


User: Wibbitz Top Stories

Views: 2.1K

Uploaded: 2019-07-26

Duration: 01:12

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