Todd Spangler NY Digital EditorTwitter fell short of Wall Street earnings expectations for the second quarter of 2020 as total revenue fell 19%, despite packing on a record 20 million daily active users in the period.What Twitter calls “monetizable” daily active users increased 34% year over year to 186 million, adding 20 million in Q2 and representing the highest quarterly year-over-year growth rate “since we began reporting mDAU growth,” said Jack Dorsey, Twitter’s CEO, in announcing earnings.Even with the earnings miss, Twitter shares were up more than 6% in pre-market trading Thursday.
The company didn’t provide guidance for Q3, except to say it expects total costs and expenses to increase 10% or more year-over-year, as it plans to.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.