Twitter reports surprisingly strong user numbers and revenue even as it eliminates robotic and fake accounts on its platform.
Twitter reported surprisingly strong second-quarter user numbers and revenue Friday, even as it eliminates robotic and fake accounts on its platform.
But Twitter's push to cut down on fake accounts costs money, and its adjusted profit fell 36% to about $37 million, or 5 cents per share. At the same time, revenue surged 18 percent, to $841 million, far better than the $829 million that Wall Street was looking for, according to a survey by FactSet. In April, Twitter had forecast revenue of $770 million to $830 million for the quarter.
The San Francisco company started disclosing its daily user base earlier this year. These are users who log into the site at least once a day and see advertisements on the platform. Twitter says daily metric will replace its monthly user count, which it will stop disclosing.
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