Twitter (TWTR) Just Smashed On Q3 Results
Author By Sophia VidaPosted on Twitter shares popped on third quarter results that came in better than expected.
The company saw Q3 revenue come in at $615.9 million, when estimates only called for $605 million. Earnings adjusted for nonrecurring items came in at $0.13 per share, also beating estimates of $0.09.
One of the most important things the company revealed is that they had 317 million monthly active users during the period, which is up from the 313 million in Q2. This number also came in stronger than the 315 million that analysts had expected.
Average daily active users grew has also grown 7% year-over-year.
Twitter CEO Jack Dorsey commented, “We see a significant opportunity to increase growth as we continue to improve the core service.
We have a clear plan, and we’re making the necessary changes to ensure Twitter is positioned for long-term growth. The key drivers of future revenue growth are trending positive, and we remain confident in Twitter’s future.”
Disclaimer: We have no position in Twitter Inc (NYSE: TWT) and have not been compensated for this article.
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