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Twitter Q1 Results: Usage Soars, Revs Up 3%

Reflecting a broader industry trend, Twitter saw a first-quarter usership surge that did little to boot its bottom line.   While monetizable daily active users (mDAUs) were up 24% (to 166 million), revenue was up just 3% (to $808 million), year-over-year. For the quarter ended in March, ad revenue totaled $682 million, up only about $3 million, year-over-year. Twitter’s modest revenue gains could have been worse, were it not for “a strong start to the quarter,” CFO Ned Segal said in the company’s latest earnings report. That was a lucky break for the company, according to eMarketer senior analyst Jasmine Enberg. “A strong January and February were enough to partially offset the steep coronavirus-related declines in its March revenues,” she said.

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https://www.mediapost.com/publications/article/350838/twitter-q1-results-usage-soars-revs-up-3.html

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