Twitter revenue rises 14%, but user growth fails to impress

Twitter revenue rises 14%, but user growth fails to impress

4 years ago
Anonymous $RGO3jP_V_c

https://techcrunch.com/2020/10/29/twitter-revenue-rises-14-but-user-growth-fails-to-impress/

Twitter continued to see its traffic rise in the third quarter, thanks to that trifecta of returning sports, the presidential campaign and the COVID-19 pandemic. But there wasn’t quite enough growth to appease Wall Street. 

Twitter beat out analyst expectations on revenue and net income; However, Wall Street appeared to get stuck on Twitter’s user growth figures and sent shares lower in after-market trading. Twitter’s MDAUs — the company’s internal audience metric that measures monetizeable daily active users — hit 187 million in the third quarter. That’s a razor thin improvement from the 186 million the company reported in second quarter of this year, although it did represent a 29% rise from the 145 million in the same period last year. Analysts from FactSet had expected 195 million MDAUs.