BUSINESS Twitter reports brisk growth in Q2

BUSINESS

Twitter reports brisk growth in Q2

Xinhua

10:42, July 27, 2019

SAN FRANCISCO, July 26 (Xinhua) -- Twitter Inc. Friday reported strong financial results for the second quarter (Q2) ending June 30, 2019, with the total revenue rising 18 percent year-on-year to hit 841 million U.S. dollars.

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(Photo: VCG)

The U.S. social media company said the American market continued to be the key source of overall revenue growth, which generated 455 million dollars in Q2, or 24 percent year-on-year.

Twitter earned 386 million dollars in revenue from international markets, up 12 percent over a year ago, as Japan, the company's second largest market, contributed total sales of 133 million dollars or a 16-percent increase for the quarter.

"Revenue outperformance also resulted in better-than-expected profitability, with operating income of 76 million dollars and operating margin of 9 percent," Twitter said.

Its advertising revenue grew 21 percent to 727 million dollars for the April-June period, driven by accelerated sales in the U.S. market.

The San Francisco-based social media giant registered a net income of 1.1 billion dollars or earnings per share of 1.43 dollars in Q2.

The company introduced for the quarter monetizable daily active usage (mDAU), a new metric to measure users accessible to its advertising service on a daily basis. It reported a 14-percent growth year-on-year to 139 million in mDAU for Q2.

Twitter grew its daily user base in Q2 at its fastest rate in nearly two years, which boosted the overall revenue, as the company worked hard to make the platform easier to users.

Twitter CEO Jack Dorsey also said the company has taken "proactive" measures to address malicious behavior and reported an 18-percent drop in reports of "spammy or suspicious behavior across all Tweet detail pages."


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