After three profitable quarters in a row,eroticism & art mahon, alyce Twitter has finally proven to investors it knows how to earn money. Unfortunately, it hasn't proven it knows how to keep its user base from declining.
In its Q2 2018 letter to shareholders, Twitter said it recorded a $100 million of net income and $711 million in revenue, a 24% year-over-year increase.
However, despite an 11% year-over-year growth in dailyactive users (the company did not provide an exact figure for this metric), Twitter had 335 million total average monthly active users (MAUs), down from 336 million in the previous quarter.
SEE ALSO: The biggest winners and losers after Twitter's massive purgeThe rise in profitability comes partially from favorable impact of foreign exchange rates and partially from strong growth in advertising profits, especially from video ads.
The stagnant user base is another matter. Monthly active users have been lingering around 330 million for a year now, and the shareholders weren't pleased with the lack of progress, as evident from Twitter's stock price which is currently down 15.28%.
To Twitter's credit, the dwindling user base is partially due to its own measures to battle spammy and malicious accounts.
"In Q2, we introduced new tools to address behaviors that distort and distract from the public conversation, and they’re having a positive impact — results from early experiments show a 4% drop in abuse reports from search and 8% fewer abuse reports from conversations, indicating that fewer people may be seeing tweets that disrupt their experience on Twitter," the shareholder letter says. Worse, Twitter expects monthly active users to decline further in Q3, to the tune of "mid-single-digit millions."
Twitter's battle against spam is a much-needed one, but it'd still be nice to see more actual, live, non-malicious persons joining the platform.
Twitter's earnings report comes two days after Facebook's stock dropped 19 percent — wiping $119 billion off the social media giant's market cap -- following an earnings report that showed daily active users flatlining overall and actually dropping in Europe.
Topics Social Media X/Twitter
Elon Musk sets new date for Tesla's Robotaxi revealSDCC: Robert Downey Jr. returns to Marvel as Doctor Doom in 'Avengers Doomsday'Elon Musk spreads doctored Kamala Harris campaign video on XBest cleaning deals: $30 off the HOTO Electric Spin ScrubberHeart rate monitor deal: Save 33% on Garmin HRMSenate Defiance Act passes unanimously, outlining civil path for deepfake victimsNYT's The Mini crossword answers for July 26Lady Gaga's Olympics opening ceremony performance kicks off Paris 2024NYT Strands hints, answers for July 27NYT Strands hints, answers for July 26Best video doorbell deal: Get a Google Nest Doorbell for its lowest price everWordle today: The answer and hints for July 26NYT Strands hints, answers for July 27NYT Strands hints, answers for July 28NYT's The Mini crossword answers for July 27Reddit no longer showing in search results – unless it's Google searchSlack introduced new widgets for your iPhoneGrab a refurbished Dyson Supersonic on sale for $210Predictions of the future of sex and relationships from LELOU.S. Vice President Kamala Harris just joined TikTok. Here's how to watch her content. ICE runs facial recognition searches on Maryland driver's licenses Earth's water came from deep, deep space, and it's older than the sun Drive your PC to peak performance in 2023 'Ted Lasso' Season 3 review: Higher stakes, same old Ted 'The Last of Us' finale finally explains why Ellie is immune The Oscars' Irish takeover: A guide to Irish actors, from Barry Keoghan to Paul Mescal 'Everything Everywhere All at Once' wins the Academy Award for Best Picture Not fasting is killing us, but fasting can hurt us too. Here's what to do. Twitter mourns the death of Trader Joe's creator Joe Coulombe Ke Huy Quan wins the Oscar for Best Supporting Actor for 'EEAAO' Bailey, Elizabeth Warren's very good dog, stole and ate a burrito Best podcasts for sleep and to help insomnia Coronavirus panic Coronavirus and what we can learn from the 1918 flu's hidden history Using Google Chrome to manage your passwords is a bad idea. Here's why. The best gifts for the gamer who travels 10 things we want to see at the Oscars Reflecting on the legacy of Hattie McDaniel, first Black actor to win an Oscar How a line in the 'Poker Face' finale solves one of the show's very first mysteries Is 'You's Joe a Swiftie? Penn Badgley weighs in
0.9362s , 10169.84375 kb
Copyright © 2025 Powered by 【eroticism & art mahon, alyce】,Defense Information Network