Twitter's Second-Quarter Earnings Exceeded Expectations

Twitter's second-quarter earnings exceeded expectations. Twitter announced its balance sheet for the April-June period.

One of the world's most used social networks, Twitter's revenue in the second quarter of this year increased by 74 percent compared to the same period last year, reaching $1.19 billion and exceeding market expectations. According to the announced report, the company's revenue in the second quarter of this year increased by 74 percent compared to the same period of last year, reaching $ 1.19 billion. The company had revenue of $683.4 million in the second quarter of 2020. Market expectations were for Twitter's second-quarter revenue of $1.07 billion. The profit of the social network company in the second quarter of the year was recorded as 65.6 million dollars. Twitter reported a loss of approximately $1.4 billion in the second quarter of 2020. Twitter's average daily active users in the second quarter of this year increased by about 11 percent compared to the same period of the previous year and reached 206 million.