Marketing

Twitter revenue falls 19% in Q2 2020, monetizable users rise 34%

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Twitter has reported strong user growth for Q2 2020, though revenue — which was already widely expected to be down — fell below analysts’ expectation.

The social networking giant announced its most recent financial and user metrics this morning, revealing revenues of $686 million — a  year-on-year (YoY) decrease of 19% on the $841 million reported last year, and a quarter-on-quarter (QoQ) decrease of around 15% on the $808 million it announced for Q1 2020. The consensus revenue estimate had been pegged at around $708 million.

On the flip side, Twitter reported 186 million “monetizable daily active users,” (mDAU) up 34% on the 139 million it reported for the same period last year, and 12% on the 166 million for the previous quarter.

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