Twitter posted higher than expected third-quarter earnings on Thursday, October 29, 2020, but fell short on user growth.
Twitter’s stock fell 16% after hours after gaining 8% during regular trading Thursday.
Earnings per share: 19 cents, adjusted
Revenue: $936 million
Monetizable daily active users (mDAUs): 187 million
Twitter recorded an increase in total mDAUs (monetizable daily active usage or users) by only 1 million — an increase of 29% year over year.
Twitter ad revenue grew 15% year over year to $808 million, and total ad engagement grew 27% over the same period.
Twitter shares sink amid slowing user growth and ad uncertainty. https://t.co/w1HNUVEltZ
— CNBC (@CNBC) October 29, 2020
Twitter's stock dropped on Thursday after the company reported user growth that fell short of Wall Street expectations in its third-quarter earnings https://t.co/NlUFWvEDxM
— CNN (@CNN) October 29, 2020
JP Morgan says Twitter is a top pick heading into earnings Friday. https://t.co/ur2E02CmMN
— CNBC (@CNBC) July 25, 2018
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