Twitter Beats Q2 Expectations
WebProNews Twitter Beats Q2 Expectations Twitter posted its Q2 earnings, beating expectations on $1.19 billion in revenue. Once the darling of the social media market, Twitter has been surpassed in recent years by newer upstarts. The platform showed it still has room to grow in its latest report, however, posting $1.19 billion in revenue, an increase of 74% year-over-year. Advertising revenue came in at $1.05 billion, an 87% increase year-over-year. The company also posted an 11% year-over-year growth of the coveted Monetizable Daily Active Usage (mDAU). “As we enter the second half of 2021, we are shipping more, learning faster, and hiring remarkable talent,” said Jack Dorsey, Twitter’s CEO. “For example, our increased shipping cadence contributed to reaching 206 million average monetizable DAU (mDAU) in Q2, up 11% year over year and 3% quarter over quarter. There’s a tremendous opportunity to get the whole world to use Twitter.” “We delivered better-than...