Twitter’s Q2 2019 earnings report shows a small improvement in daily active user growth and a little bit of net profit…
For years now, Twitter has been plagued with runaway costs and no to little profit. Now, it’s again showing signs the microblog can indeed post a net gain. But, only in small amounts; at least in Q2 2019.
Twitter Posts Small Profits and Little Daily Active User Growth in Q2 2019 Earnings Report
Twitter reveals over the past three months, it earned a net profit of $37 million. Additionally, the company states it increased its number of mDAU or “monetizable” daily active users. On that front, its mDAU rose from 134 million in the first quarter of the year to 139 million now. Of those, 29 million are in the US.
By comparison, a year ago, its dMAU increased from 120 million in 2018 to 139 million, which represents an increase of 19 million over a 15 month period. (Meanwhile, competitor Snapchat added 13 million daily active users in the previous quarter.)
Twitter likewise reported an operating income of $76 million, which represents a decrease from $94 million in the previous quarter. The company also posted a total revenue of $841 million, resulting in a net profit of $37 million.