social pandemic reports

Twitter Hits 199M Daily Users, Misses Revenue Expectations

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hollywoodreporter.com

Twitter on Thursday unveiled a first-quarter earnings report that offered a window on user growth for the social media platform during the coronavirus pandemic.

The social media platform said its number of logged-in users, known as monetizable daily active users, stood at 199 million for the quarter, which was up 7 million users compared to the fourth quarter that ended with 192 million DAUs, and 189 million daily users at the end of the third quarter.

The latest three-month period fell just short of an analyst forecast of 200 million DAUs. That miss sent stock in Twitter down by $5.29, or just over 8 percent, to $59.80 in after-hours trading.

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