Again, Twitter profits jump, hit $1.1bn in 2019 Q2

Social media app, Twitter has said its profit rose to $1.1 billion, up from $100 million a year earlier.
The profit was better than expected at $841 million, as was user growth.
Twitter’s monetizable daily active users also jumped to 139 million, compared to 122 million in the same period the previous year.
Shares in Twitter rallied 4.9 per cent“ in pre-market trades following the release.
The results indicate that Twitter remains profitable and is boosting the number of real users quarter-on-quarter.
“Health remains our top priority and we are proud of the work we did in Q2,” chief executive Jack Dorsey said in a statement.
“Our focus was on ensuring that our rules, and how we enforce them, are easy to understand. We also continued our work to proactively identify and address malicious behaviour, resulting in an 18 per cent drop in reports of spammy or suspicious behaviour.

About Editor

Check Also

BREAKING: Tinubu Seeks Injection Of N6.2tn Into 2024 Budget

President Bola Tinubu has forwarded to the Senate for consideration and approval the injection of …

Leave a Reply