Twitter beats first-quarter estimates as growth moves overseas [Business News Network (BNN) Energy & Resources (Canada)]
Twitter, Inc. (TWTR)
Last twitter, inc. earnings: 4/30 07:00 am
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Source: Business News Network
Twitter beats first-quarter estimates as growth moves overseas Twitter Inc (TWTR.N) reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the United States embraced Twitter's video ads. San Francisco-based Twitter has tried to grow its user base and ad business internationally, expanding beyond its home country. U.S. President Donald Trump has kept the service in the headlines domestically but growth has been faster abroad, including a boost in Asia in the most recent quarter. International sales accounted for 48 per cent of revenue, growing 53 per cent year-over-year, compared with 2 per cent in the United States. Total revenue rose 21 per cent. Still, the social media sector is under intense pressure from lawmakers around the globe for inflaming political debates, allowing abusive language and failing to safeguard personal data. While there have been few signs that u
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