Twitter posts surprise quarterly user growth, revenue beats expectations GlobeTechnology
Twitter Inc on Tuesday posted better-than-expected first-quarter revenue and a surprise rise in the number of monthly active users, a sign that the social media platform may be on a sustainable path after a year of stagnant user growth.
Twitter, which has been focusing on improving the quality of its platform by removing thousands of spam and suspicious accounts, would no longer disclose MAUs from next quarter.Instead, it plans to only provide the number of “monetizable” daily active users, a metric the company created to measure only users exposed to advertising on a daily basis.
For the first quarter of 2019, Twitter’s revenue rose 18 percent from a year ago to $787 million, surpassing Wall Street expectations of $776.1 million. However, it forecast current quarter revenue largely below Wall Street targets. Twitter expects revenue to reach between $770 million and $830 million, compared with $819.5 million estimated by analysts polled by Refinitiv.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei quarterly revenue grows 39 per cent amid heightened U.S. pressureHuawei quarterly revenue grows 39 per cent amid heightened U.S. pressure GlobeBusiness
Read more »
American Express beats profit expectations as rewards program boosts spendingAmEx has been bolstering its rewards programs and relying on partnerships to get customers to spend more
Read more »
Canopy Growth CEO expects to hit $1B in revenue for fiscal year 2020Canopy Growth Corp.'s co-chief executive says he is expecting a 'growth quarter' ahead and foresees the cannabis company will generate $1 billion in revenue during its next financial year.
Read more »
Netflix shares jump 3 per cent ahead of quarterly results report; Disney in focusWall Street’s reaction to Netflix’s results will be viewed as an indicator of what to expect when Amazon and Facebook report next week
Read more »
Jason Kenney's high expectations - Macleans.caDavid Moscrop: The UCP leader made some big promises en route to victory. They may serve as a test for just how resilient the conservative advantage is in Alberta.
Read more »
Early, photogenic Newfoundland iceberg raises expectations for upcoming seasonThe ‘berg’s early arrival is a good sign for the lucrative industry that offers tourists a look at the frozen formations, most often seen drifting down the coast of the island from May through the summer months
Read more »
Bombardier plans to boost revenues by modernizing existing trainsBombardier projects that a quarter of its transportation division’s expected 2020 revenue of $10 billion will come from rail services, up from 18 per cent in 2014
Read more »
Canada Revenue Agency gives retirees reason to file taxes on time with automatic benefit registrationsRetired people have the potential to boost their monthly income or, on the flip side, avoid a reduction in government payouts
Read more »
Report: Raiders could make surprise pick at No. 4 - TSN.caThe Oakland Raiders could make a surprise pick at No. 4, according to a report from NFL Network's Ian Rapoport. Rapoport mentioned LSU linebacker Devin White, a quarterback, or an offensive lineman as possibilities for the Raiders' pick at No. 4.
Read more »