(Twitter) Social media company Twitter Inc. recorded a revenue of $1.19 billion in the second quarter, a 74% rise year over year, and above estimated $1.07 billion.
Ad revenue made the bulk of revenue increase, with 87% year over year jump to $1.05 billion.
Data licensing and other revenue rose 13% year over year to $137 million.
US led revenue growths, with 79% jump to $653 million, while international revenue rose 69% to $537 million.
Net income during the quarter was $66 million or diluted EPS of $0.08, representing a 6% net margin, up from a net margin of -202% in the same period last year.
Twitter’s average monetizable daily active users rose to 206 million in Q2, up from 186 million in the comparable quarter of 2002 and 199 million in Q1.
Twitter expects its revenue to be between $1.22 billion and $1.3 billion in the third quarter.
GAAP operating income is expected to reflect a loss of $50 million to breakeven in the third quarter.
For FY21, Twitter projects a stock-based compensation expense of about $600 million and capital expenditures amounting to between $900 million and $950 million.
TWTR: NYSE is up +5.51% on premarket.
