The revenues of Twitter for the first quarter of 2019 exceeded expectations

Recorded by Twitter Inc. financial reports a stronger-than-expected in the first quarter of the year 2019, but monthly active users – on an annual basis.

Revenue Twitter Inc in the first quarter of 787 billion dollars, a number higher than the expectations of analysts and Wall Street, which is a rise of 18% over last year, with net income of $ 191 million, and earnings per share of $ 0.25.

The average analysts ‘ forecast of revenue of $ 775 million and earnings per share was $ 0.10, and Twitter in the last quarter that it expects first-quarter revenue between 715 and $ 775 million.

Twitter focuses on “the best way to measure success,” which is called the daily active users instead of the use of the monthly, where the company says that the number of daily active users rose by 11% year on year, to 134 million users per day in the period from January to March 2019, while the users on a monthly basis decreased by 6% to the number of 330 million users.

It is worth noting that Twitter shares rose by 12% in trading today’s market Tuesday, uneven with the positive news for the first quarter of the financial year.

Source: TechCrunch

I know of

Leave a Reply

Your email address will not be published. Required fields are marked *