Last week, Twitter (TWTR) posted strong second-quarter results. The social media company’s revenues surged 74% year-over-year to $1.2 billion, beating the consensus estimate of $1.06 billion. Adjusted earnings came in at $0.20 per share, up 45.5% year-over-year, surpassing 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. Outlook for Q3 and FY21 For 2021, TWTR expects total revenues to rise faster than its expenses, “assuming the global pandemic continues to improve and that we continue to see modest impact from the rollout of changes associated with iOS 14.5.
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Twitter (NYSE:TWTR)
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