Twitter showed a net profit of $ 36.5 million in the third quarter of 2019, which represents a fall of 95.3% compared to the same period last year, when the social network benefited from tax deductions in the amount 683 million dollars, the company said.
The result of Twitter operations between July and September stood at 44.14 million dollars, 51.9% below the figure for the previous year.
The revenue from the social network totaled 823.7 million dollars in the third quarter, 8.6% more than the same period of 2018, including 702 million dollars in advertising revenue, 8% more, while revenues data licenses increased 12%, to 121 million dollars.
The average number of monetizable daily active users reached 145 million in the third quarter, 17% more than a year earlier, and 4.3% more than in the second quarter of the year.
“Despite its challenges, this quarter validates our investment strategy to boost long-term growth”, said Ned Segal, chief chief financial officer of Twitter.
Between January and September, the platform reached a net profit of 1,346.8 million dollars, 41.7% more than a year earlier, while the company’s revenues increased 14.9%, to 2,452 million dollars. Dollars.
Looking ahead to the last quarter of 2019, the company hopes to reach a turnover of between 940 and 1,010 million dollars, as well as an operating profit of between 130 and 170 million dollars.
K. Tovar
Source: El Nuevo Herald
