Twitter exceeded Wall Street forecasts in the second quarter despite a slight downturn in users compared with the previous quarter.
Total revenue of almost $1.2 billion and diluted earnings per share of 8 cents both came in well ahead of expectations. The company’s daily active user base was 206 million as of the June 30 end of the quarter, slide of 1 million from the previous quarter but up 11% from the year-ago period.
Among other reasons for the downward quarter-to-quarter trajectory of daily users, the breakneck pace of news in 2020, which extended into the initial months of 2021, has eased up of late. After the January 6 assault on the U.S. Capitol, the company decided earlier to ban former president Donald Trump after flagging an increasing number of his tweets as inaccurate or in violation of safety policies.
As a business, Twitter has a goal of doubling annual revenue by 2023. It has introduced a series of new products and features,...
Total revenue of almost $1.2 billion and diluted earnings per share of 8 cents both came in well ahead of expectations. The company’s daily active user base was 206 million as of the June 30 end of the quarter, slide of 1 million from the previous quarter but up 11% from the year-ago period.
Among other reasons for the downward quarter-to-quarter trajectory of daily users, the breakneck pace of news in 2020, which extended into the initial months of 2021, has eased up of late. After the January 6 assault on the U.S. Capitol, the company decided earlier to ban former president Donald Trump after flagging an increasing number of his tweets as inaccurate or in violation of safety policies.
As a business, Twitter has a goal of doubling annual revenue by 2023. It has introduced a series of new products and features,...
- 7/22/2021
- by Dade Hayes
- Deadline Film + TV
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