Twitter: 2Q21 revenue of US$1.19 billion, up 74% year-on-year

On July 23, 2021, Twitter released its second quarter 2021 financial report after the U.S. stock market closed on Thursday. After the financial report was released, Twitter rose in after-hours trading, with its share price standing above $70.

The financial report shows that the company turned losses into profits in the second quarter of this year compared with last year, and the profit far exceeded market expectations, and the operating income achieved the largest year-on-year increase since 2014. The company's revenue in the second quarter of 2021 increased by 74% year-on-year to US$1.19 billion, exceeding the expected US$1.063 billion, and the same period last year was US$683 million. Among them, advertising revenue was US$1.05 billion, an increase of 87% year-on-year, and analysts expected US$927.2 million; data licensing and other revenue was US$137 million, an increase of 13% year-on-year, and analysts expected US$134.6 million.

The company's net profit in the second quarter was $66 million, compared with an expected loss of $96 million and a loss of $1.228 billion in the same period last year. The company's second-quarter earnings per share were $0.08, compared with a market expectation of a loss of $0.13 per share and a loss of $1.56 per share in the same period last year.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter were $343.3 million, compared with analysts' expectations of $207.1 million. In the same period last year, the company reported an EBITDA loss of $17.217 million.

Twitter's average mDAU (profitable daily active users) in the second quarter was 206 million, up 11% year-on-year, and the market expected 205.9 million. The average mobile mDAU in the United States was 37 million, compared with 36 million in the same period last year; the average mobile mDAU in other regions of the world was 169 million, compared with 150 million in the same period last year.

via Zhitong Finance Network