Twitter Hit 199 Million Daily Users Last Quarter, Below Forecasts – Deadline


Twitter’s monetizable daily active users hit 199 million in the March quarter, shy of the 200 million Wall Street anticipated but up by seven million from year-end 2000 and significantly higher than the 166 million in the year ago period.

Revenue of $1.04 billion, up 28% from $808 million the year prior, also fell short of forecasts. Ad revenue of $899 million was up 32%.

- Advertisement -

Twitter stock plunged, down 11% in after-hours trading as it predicted a trough in new user growth in the current second quarter on tough comparisons from a pandemic-fueled 2020.

The social media company that permanently banned former President Donald Trump from the platform in January, reported earnings per share of 16 cents — above estimates.

- Advertisement -

In a letter to shareholders, the company said a pandemic related surge last buoyed users and creates challenging comps that may lead to mDAU growth rates in the low double digits on a year-over-year basis in Q2, Q3, and Q4 — with the low point in terms of growth likely in the current Q2.

MORE




Source Link

- Advertisement -

Share

Latest Updates

Matthew Goode, Helena Bonham-Carter, Miranda Richardson Among Cast – Deadline

Netflix has announced the cast of The House, its upcoming stop motion dark comedy animation anthology from Nexus Studios. The news was revealed...

Nat Wolff, Anna Camp, Aimee Garcia & Zach McGowan Join ‘Gulch’ – Deadline

EXCLUSIVE: Production has wrapped on Murder At Emigrant Gulch, the Western-thriller starring Gabriel Byrne, Thomas Jane and Isaiah Mustafa, directed by Richard Gray...

Teaser Watch: Reese Witherspoon & Jennifer Aniston Return for “The Morning Show’s” Second Season

Jennifer Aniston finds herself in the hot seat in a new teaser for “The Morning Show’s” second season, which sees Alex (Aniston) and...

Trending News

Matthew Goode, Helena Bonham-Carter, Miranda Richardson Among Cast – Deadline

Netflix has announced the cast of The House, its upcoming stop motion dark comedy animation anthology from Nexus Studios. The news was revealed...

Nat Wolff, Anna Camp, Aimee Garcia & Zach McGowan Join ‘Gulch’ – Deadline

EXCLUSIVE: Production has wrapped on Murder At Emigrant Gulch, the Western-thriller starring Gabriel Byrne, Thomas Jane and Isaiah Mustafa, directed by Richard Gray...

Teaser Watch: Reese Witherspoon & Jennifer Aniston Return for “The Morning Show’s” Second Season

Jennifer Aniston finds herself in the hot seat in a new teaser for “The Morning Show’s” second season, which sees Alex (Aniston) and...

Death Count In Shiyan Hubei Province Gas Pipe Explosion In China Rises To 25 Report

<!-- -->The gas explosion injured 138 people of which 37 were critical, reports said.Beijing: The number of people killed in a gas pipeline...

Seyward Darby & Ariel Ramchandani To Host Podcast About Heist of Dorothy’s Iconic Ruby Slippers – Deadline

EXCLUSIVE: The wild story behind the heist of Dorothy’s iconic ruby red slippers from The Wizard of Oz is the subject of a...

Tribeca 2021 Women Directors: Meet Shannon Post – “Building a Bridge”

Shannon Post is a queer documentary filmmaker from Florida. She attended college in Orlando, and Pulse nightclub was a safe place for her...