Twitter (TWTR) posted strong Q2 results that topped analysts’ expectations. Following the upbeat results, shares of the social media giant jumped 5.7% in Thursday’s extended trading session. Total revenue grew 74% year-over-year in Q1 to $1.19 billion versus the consensus estimate of $1.06 billion. Adjusted earnings increased 45.5% to $0.20 per share, beating Street estimates of $0.07 per share. Meanwhile, Twitter’s average monetizable daily active usage (mDAU) jumped 10.8% year-over-year to 206 million. Costs and expenses in the quarter grew 21% year-over-year to $1.16 billion, while stock-based compensation (SBC) expense was $178 million, up 34%.
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Twitter (NYSE:TWTR)
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