• Twitter Reaches More Than 206 Million Users and Exceeds Quarterly Revenue Expectations

    6 days ago - By Hypebeast

    Twitter on Thursday released its second-quarter earnings report, revealing that the social media platform now has more than 206 million monetizable daily active users, or Twitter users who view advertisements on the site. The company reported a second-quarter revenue of $1.19 billion USD - an increase of 74 percent compared to its 2020 figures - topping financial forecasts of $1.07 billion USD. Twitter also reported an earnings per share of $0.20 USD, exceeding an expectation of $0.07 USD. After suffering a $1.3 billion USD loss in market value in the second quarter of 2020, the social...
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  • Snap Blows Past Q2 Forecasts With Record Revenue, Best Snapchat User Growth in Four Years

    Snap Blows Past Q2 Forecasts With Record Revenue, Best Snapchat User Growth in Four Years

    6 days ago - By Variety

    Snap turned in its highest-ever quarterly revenue in Q2 - more than doubling to $982 million - and netted 13 million daily users, the best growth rate in four years. Snapchat's daily active users average 293 million in the second quarter, an increase of 55 million, or 23%, year-over-year. The continued growth shows that Snap...
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  • Twitter Hits 206 Million Daily Users in Q2 Amid Decline in U.S., Beats Wall Street Forecasts

    6 days ago - By Variety

    Twitter easily topped Wall Street financial expectations for the second quarter of 2021 - with its strongest quarterly revenue growth since 2014 - and grew its global users base despite a sequential drop in the U.S. The social network reported average monetizable daily active users of 206 million, up from 199 million in the first...
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