Thursday December 12, 2019
Home Lead Story Twitter Reven...

Twitter Revenue up 18%, Users Grow in Q2

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

0
//
TWitter
The logo for Twitter is displayed above a trading post on the floor of the New York Stock Exchange. vOA

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.

donald trump
FILE – A man reads tweets on his phone in front of a displayed Twitter logo. VOA

“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.

Also Read: Apple Planning to Launch ‘Scissor Switch’ Keyboard in 2019 MacBook Pro

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. (IANS)

Next Story

Twitter Plans to Develop an Open and Decentralized Standard for Social Media

"New technologies have emerged to make a decentralized approach more viable. Blockchain points to a series of decentralized solutions for open and durable hosting, governance, and even monetization. Much work to be done, but the fundamentals are there," Dorsey added

0
Business, Twitter, Invest, Investment, Start-up, Kochi
A man reads tweets on his phone in front of a displayed Twitter logo. VOA

Twitter CEO Jack Dorsey has announced that his company was funding a small independent team of up to five open source architects, engineers and designers to develop an open and decentralized standard for social media that would help better control abusive and misleading information on its platform.

The goal is to allow Twitter to access and contribute to a much larger corpus of public conversation, “focus our efforts on building open recommendation algorithms which promote healthy conversation, and will force us to be far more innovative than in the past”, Dorsey said in a tweet thread on Wednesday.

The project is called Bluesky and Twitter CTO Parag Agrawal will hire the team for the project.

“There are many challenges to make this work that Twitter would feel right becoming a client of this standard.

“Which is why the work must be done transparently in the open, not owned by any single private corporation, furthering the open & decentralized principles of the internet,” Dorsey said.

TWitter
The logo for Twitter is displayed above a trading post on the floor of the New York Stock Exchange. vOA

Decentralized social networks already exist like Mastodon which is based on an open-source networking protocol called ActivityPub.

Dorsey said the team would not only develop a decentralized standard for social media but also build open community around it, inclusive of companies and organisations, researchers and civil society leaders.

Also Read: Facebook Loses its Place in Glassdoor’s ‘Best Places to Work’ List

“This isn’t going to happen overnight. It will take many years to develop a sound, scalable, and usable decentralized standard for social media that paves the path to solving the challenges listed above.

“New technologies have emerged to make a decentralized approach more viable. Blockchain points to a series of decentralized solutions for open and durable hosting, governance, and even monetization. Much work to be done, but the fundamentals are there,” Dorsey added. (IANS)