Twitter revenue exceeds estimates, but monthly usage falls – Business Season

Twitter posted a record profit on Friday, with second-quarter earnings exceeding analysts' estimates, and said that the decision to penalize misbehaved users this year had paid off, although the monthly use of the social network has dropped.Twitter, as the biggest rival Facebook has been under pressure from regulators in several countries to eliminate hate speech, content abuse and misinformation, as well as better protect user data and increase transparency in the Internet. Advertising Expenses.

The social media company has increased exclusions and suspensions of accounts in recent months, saying that it was a reason why the number of monthly users decreased from 1 million to 335 million in the second quarter over the previous three months. Analysts expected a gain of 1 million users, and the results could broaden concerns that Twitter has no clear strategy to increase usage and revenues together. Chief Executive Jack Dorsey said in a statement that the number of daily users has increased by 11% over last year, adding that this demonstrates that handling the "behavior problem" is transforming the service in a daily utility. The company did not disclose the number of daily users. The business turnover of 711 million US dollars, mainly for advertising and 24% over last year, has surpassed the average estimate of 696 million US dollars in search of & # 39; 39 analysts aggregated by Thomson Reuters.

Twitter benefited from two weeks of the World Cup in the second quarter, with commercials related to the football tournament generating revenues of $ 30 million. The profit was $ 100 million, an increase of $ 42 million due to a tax accounting move. It was the third consecutive quarter of Twitter and the third period of three months without prejudice. Adjusted earnings per share corresponded to Thomson Reuters' average estimate of $ 0.17 per share, although it was not known immediately if the figures were comparable.