Twitter's third quarter revenue reached $1.28 billion! Daily active users exceeded 200 million!

It is learned that on October 26, Twitter announced that its third-quarter financial report performance was lower than expected. Due to the payment of large litigation settlement fees, the net loss was as high as -42%. However, driven by the solid global advertising sales, its revenue in the third quarter increased significantly. The following is a summary of the financial report:

• Third-quarter revenue was $1.28 billion, up 37% year-over-year, but below the forecast of $1.29 billion.

• Revenue from the U.S. market was $742 million, a year-on-year increase of 45%.

• International market revenue was US$542 million, a year-on-year increase of 28%.

• Reporting revenue totaled $1.14 billion, up 41% year-over-year.

• The company reported a net loss of $537 million and a net profit margin of -42% in the third quarter, which was lower than expected. This compares to net income of $29 million and a net profit margin of 3% in the same period last year.

• In the third quarter, the company added 5 million daily active users, bringing the total number of daily active users to 211 million, a year-on-year increase of 13%. The number was 187 million in the same period last year and 206 million in the previous quarter.

• Daily active users in the United States were 37 million in the third quarter, compared with 36 million in the same period last year and 37 million in the previous quarter.

• International daily active users were 174 million in the third quarter, compared with 152 million in the same period last year and 169 million in the previous quarter.

Twitter expects fourth-quarter revenue to be between $1.5 billion and $1.6 billion, according to a report from CNBC. Zacks analysts had expected fourth-quarter revenue to be $821 million.

Editor ✎ Estella/

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