The short message service Twitter has presented its quarterly figures and thus exceeded the forecasts. The number of daily active users also increased.
Business on Twitter is going much better than analysts expected. The short message service exceeded the forecasts with its published figures for the past quarter and the outlook for the next few months.
The share jumped in after-hours US trading at times by around eight percent. According to company figures, revenue from Twitter grew in the second quarter by 74 percent year-on-year to just under $ 1.2 billion. A good billion had been expected on the market. The service launched its first subscription product as an additional revenue stream to advertising revenue last quarter. For the current quarter, Twitter promised sales of up to $ 1.3 billion.
The number of daily active users that Twitter can reach with advertising in its own apps or in the web version rose from 199 to 206 million within three months.
The bottom line was that Twitter earned $ 65.65 million after a loss of $ 1.38 billion a year earlier, which was mainly due to a tax provision of nearly $ 1.1 billion.
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