From CNET: The number of daily users logging on to Twitter jumped 11% in the second quarter, demonstrating that people are still turning to the short-message service even as some countries start reopening after coronavirus lockdowns.
The company said Thursday that daily users who can see ads, Twitter's key metric for visitors, grew to 206 million in the quarter ending in June. Twitter attributed the strong year-over-year growth to product improvements and interest in current events.
The rise in users helped the social media site, which makes most of its revenue from ads, post a 74% increase in quarterly revenue, to $1.19 billion. The performance beat Wall Street expectations of $1.065 billion, according to analysts surveyed by Thomson Reuters.
Twitter earned 8 cents per share, better than estimates of a loss of 13 cents per share. Excluding certain expenses, Twitter earned 20 cents per share, beating estimates of 7 cents per share.
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