Twitter Reports Ad Revenue Increase, But Lower than Expected Increase in Users

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.




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