Twitter revenue up 18%, users grow in Q2
San Francisco: Twitter revenue grew 18 per cent year-over-year to reach $841 million in the second quarter of 2019, while its average monetizable daily active users (mDAU) hit 139 million, the microblogging site said on Friday.
Twitter stock was up as much as four per cent during premarket trading, CNBC reported.
Twitter' monetizable daily active users include those who log in and access the microblogging platform on any given day through Twitter.com or its Twitter applications that are able to show ads, according to the company.
Average mDAU of Twitter reached 139 million in Q2, compared to 122 million in the same period of the previous year and compared to 134 million in the previous quarter, the company said.
"Health remains our top priority and we are proud of the work we did in Q2. Our focus was on ensuring that our rules, and how we enforce them, are easy to understand," said Jack Dorsey, CEO, Twitter.
"We continued to leverage machine learning to deliver more relevant content, driving increased usage of Twitter on a daily basis, with mDAU up 14 per cent year-over-year," he added.
Twitter's advertising revenue in Q2 totalled $727 million, an increase of 21 per cent year-over-year.
Costs and expenses totalled $766 million, an increase of 21 per cent year-over-year, resulting in an operating income of $76 million and 9 per cent operating margin.
Providing guidance for the third quarter, Twitter said it expects revenue to be between $815 million and $875 million and operating income to be between $45 million and $80 million.