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Twitter, Inc.

Twitter posts huge 61% revenue increase in second quarter

Twitter posts huge 61% revenue increase in second quarter

Twitter blew past Wall Street expectations, reporting second-quarter revenue of $502 million, up 61% compared with a year earlier and well above analyst estimates of $481 million.  For the second quarter, the San Francisco company posted a net loss of $137 million. Adjusted for one-time events, it had a profit of $49 million, or 7 cents a share.  Average monthly active users, a key growth metric, totaled 316 million, an increase of 15% year-over-year and up slightly from 308 million in the first quarter. Mobile monthly active users represented approximately 80% of the total.  “Our Q2 results show good progress in monetization, but we...

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