Twitter beats on revenue and earnings as daily users rise

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Twitter reported second-quarter earnings on Friday.

Shares in Twitter climbed 4% in pre-market trading after the social-media group beat Wall Street forecasts for both its top and bottom lines. Constant-currency revenue rose 20% to $841 million, while monetizable daily active users rose 14% to 139 million. Twitter posted a sharp rise in EPS to $1.43 due to a one-off tax benefit. Watch Twitter trade live.

Shares in Twitter climbed 4% in pre-market trading after the social-media group beat Wall Street forecasts for both its top and bottom lines. Constant-currency revenue rose 20% to $841 million, while monetizable daily active users rose 14% to 139 million. Twitter posted a sharp rise in EPS to $1.43 due to a one-off tax benefit. Watch Twitter trade live.

 

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Users or fake accounts. Mexican dictator lopez has dozens of violent hit accounts handled by only one person each. Do they count as 'new users'? Twitter won't do anything about it. Perhaps because they help revenue by inflating 'new user' stats? TwitterIR

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