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Twitter beats revenue expectations but misses on user growth; stock falls

The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter

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Twitter said total revenue grew 14% year-over-year to $936 million during the quarter ended Sept. 30, beating analyst estimates of $777.15 million.

Reuters New York
Twitter Inc on Thursday widely beat analyst expectations for quarterly revenue as ad sales rose with the return of sports and other events, but it added fewer users than Wall Street had expected.

The company said it expected revenue trends could continue or even improve in the current quarter, but cautioned that it was hard to predict how advertisers would react as the U.S. presidential election nears on Nov. 3, and that there could be a pause in ad spending.

The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter, missing consensus

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First Published: Oct 30 2020 | 2:04 AM IST

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