Twitter Made Second Quarter Revenue Of $841 Million, Daily Earning $139 Million

Twitter

Twitter recently published its second quarter revenue report for 2019, together with earnings of $841 million, a rise of 18% year-on-year. According to US GAAP, Twitter adjusted net profit of $37 million, net profit margin of 4 percent, and diluted earnings per share of $0.05.

Twitter

Twitter CEO Jack Dorsey said: “Healthy development is still our top priority, and we are proud of what we did in the second quarter. Our current focus is to ensure that our rules are implemented. How it is implemented is also relatively easy to understand. In addition, we continue to work to proactively identify and resolve some malicious behaviors, which reduces spam or suspicious behavior reporting by 18%. In addition, we continue to use machine learning to provide more. The more relevant content promoted the increase in daily usage of Twitter. The average number of active monetizable users (mDAU) in the second quarter increased by 14% year-on-year.”

Ned Segal, Twitter CFO, said: “With the strong performance of the US market, our performance in the second quarter remained stable. On a fixed exchange rate basis, revenue increased by 20% year-on-year. The most important advertising products, and high-performance advertising, will help advertisers launch new content and connect with what is happening on Twitter.”

Second quarter results:

Revenue was $841 million, a rise of 18% year-on-year.

Net profit was $1.1 billion, net profit margin was 133 percent, and diluted earnings per share were $1.43. Not according to US GAAP, adjusted net profit was $37 million, net profit margin has been 4 percent, and diluted earnings per share were $0.05.

By comparison, Twitter’s net gain for the exact same period last year has been $100 million. With a net profit margin of 14% and a diluted earnings per share of $0.13. Not according to US GAAP, adjusted net profit was $58 million. Net profit margin was 8 percent, and diluted earnings per share were $0.08.

The normal amount of daily monetizable consumers (mDAU) from the next quarter was 139 million. Compared to 122 million in precisely the exact same period this past year and 134 million at the preceding quarter.

Performance prognosis:

Twitter anticipates annual revenue in the next quarter to reach $815 million to $875 million. Operating profit will likely reach $45 million to $80 million.

During FY 2019, operating expenses will increase by roughly 20% year-on-year. Equity incentive expenditures will probably likely reach $350 million to $40 million. Capital expenditures will reach $550 million to $600 million.

Also Read: Sony has stopped Developing Xperia 1 5G Smartphone

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