Monday August 26, 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 Unveils The Most Tweeted Hashtags of 2019 in India

The hashtag (#) was born on Twitter 12 years ago. It can help categorise tweets and allow users to access all the conversations on a particular theme

0
twitter
Twitter is a social media app that encourages short tweets and brief conversations. Pixabay

As the Internet celebrates the 12th birthday of the hashtag on Friday, Twitter unveiled the top hashtags that dominated conversations on the platform in the first half of 2019 in India.

With Tamil action drama film #Viswasam grabbing the top spot, the trend reflected the rise of regional entertainment on Twitter.

This was followed by conversations around politics and governance. Throughout the campaign period for the #LokSabhaElections2019, politicians and political parties used Twitter to communicate with people in the country and across the world, while citizens took to the platform to address their queries directly to contesting leaders.

As cricket fans from all over the world came to Twitter to talk about winning moments, shocking upsets, classic catches, and unique to this World Cup – the memes about the rain — #CWC19 became the top third hashtag this year.

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

Entertainment continued making trends, with the Indian Telugu-language action drama film #Maharshi grabbing the fourth spot.

With many users tweeting about updating their profile pictures, the fifth most commonly tweeted hashtag of the year was #NewProfilePic, Twitter said.

Also Read: Here’s Why Netflix, Amazon Prime Need to Create Desi Shows in India

Additionally, Twitter launched an emoji to celebrate the symbol that connects communities and unifies conversations. The specially designed emoji is a hashtag symbol stamped on a heart.

The hashtag (#) was born on Twitter 12 years ago. It can help categorise tweets and allow users to access all the conversations on a particular theme. (IANS)