Twitter has reported strong user growth for Q2 2020, though revenue — which was already widely expected to be down — fell below analysts’ expectation.
The social networking giant announced its most recent financial and user metrics this morning, revealing revenues of $686 million — a year-on-year (YoY) decrease of 19% on the $841 million reported last year, and a quarter-on-quarter (QoQ) decrease of around 15% on the $808 million it announced for Q1 2020. The consensus revenue estimate had been pegged at around $708 million.
On the flip side, Twitter reported 186 million “monetizable daily active users,” (mDAU) up 34% on the 139 million it reported for the same period last year, and 12% on the 166 million for the previous quarter. Twitter stopped reporting monthly active users (MAU) last July, choosing instead to focus squarely on mDAUs, an entirely new metric it defines as individuals who log in through twitter.com or any of the mobile apps that are able to show advertisements — so this excludes those how don’t log in, or those who use TweetDeck and other third-party clients.