Twitter’s Revenues Climb 28% YOY in Q1 on Strengths in Brand Advertising

Twitter’s Revenues Climb 28% YOY in Q1 on Strengths in Brand Advertising

Twitter recorded a revenue of $1.04 billion, a gain of 28% year over year, according to the company’s press release. Revenue was fueled by robust brand advertising in March and growth in Mobile App Promotion.

Twitter’s operating income was $52 million or 5% of total revenue, up from a loss of $7 million the same period last year.

Net income was $68 million, or a net margin of 7%, with a diluted EPS of $0.08.

Advertising revenue in Q1 hit $899 million, up 32% while data licensing and other revenues reached $137 million, up 9%.

U.S revenues hit $556 million, up 19% while international revenue jumped 41% to $480 million.

Japan was Twitter’s second largest market and generated $170 million revenue, up 30%.

Average monetizable DAU hit 199 million, a gain of 20% year over year.

Twitter stock is currently declining. TWTR: NYSE is down 12.04%

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