Twitter trounces estimates as growth moves overseas [Reuters (UK)]
Twitter, Inc. (TWTR)
Last twitter, inc. earnings: 4/30 07:00 am
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Source: Reuters
Twitter trounces estimates as growth moves overseas | Reuters 4 Min Read (Reuters) - 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 its video ads. Daily active users (DAU) grew 10 percent year-over-year while overall monthly user numbers rose 3 percent to 336 million, just above a forecast of 334 million, sending the company’s shares as much as 10 percent higher. U.S. President Donald Trump has kept the San Francisco-based service in the headlines domestically but growth has been faster abroad as Twitter has tried to grow its user base and ad business. International sales accounted for 48 percent of revenue, growing 53 percent year-over-year, compared with 2 percent in the United States. Total revenue rose 21 percent. Twitter said it added 5 million people outside the United States and 1 million people inside i
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