Twitter has reported revenues up almost 30% to $758m in Q3, as monthly active users fell by nine million while daily users rose by 9%. Earnings per share in the company were 21 cents versus Wall Street estimates of 14 cents per share. Advertising revenue was also up, by almost 30% to $650m, total ad engagements were 50% up compared to the same period in 2017 and costs per engagement fell 14%. Revenue from other sources including data licensing rose by 25% year-on-year to $108m. The company said it expects its average user spend on Facebook will increase by about 10% this year, driven largely by growth of video ads that are now available for free across all platforms.
Twitter has reported revenues up almost 30% to $758m in Q3, as monthly active users fell by nine million while daily users rose by 9%. Advertising revenue was also up, by almost 30% to $650m, total ad engagements were 50% up compared to the same period in 2017 and costs per engagement fell 14%. Revenue from other sources including data licensing rose by 25% year-on-year to $108m. The company said it expects its average user spend on Facebook will increase by about 10% this year, driven largely by growth of video ads that are now available for free across all platforms.