Twitter beats estimates as growth moves overseas; shares jump
Twitter beats estimates as growth moves overseas; shares jump. Twitter reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced its video ads. Daily. active users (DAU) grew 10% y/y while overall monthly user numbers rose
3% to 336M, just above a forecast of 334M, sending the company’s shares as much as 10% higher. International sales accounted for 48% of revenue, growing 53% year-over-year, compared with 2% in the United States. Total revenue rose 21%. Read more here.
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