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Twitter's third quarter revenue was $936 million, up 14% year on year

via:博客园     time:2020/10/30 13:16:06     readed:71

Twitter released its results for the third quarter of 2020 as of September 30 after the U.S. stock market closed on Thursday (Beijing time early Friday). According to the report, the company's revenue in the third quarter was $936 million, a year-on-year increase of 14%; the net profit in the second quarter was $29 million, an increase of 21.6% over the same period of the previous year of $37 million.

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Main achievements

Total revenue in the third quarter was $936 million, up 14% from $824 million in the same period a year earlier. Among them, revenue from advertising services was $808 million, up 15% from $702 million in the same period last year; revenue from digital licensing and other services was $128 million, up 5% from $121 million in the same period last year; revenue from the United States was $523 million, an increase of 10% over the same period last year; and revenue from international revenue was $424 million, up from $358 million in the same period last year 18%; revenue from international advertising services was $381 million, up 20% from $318 million in the same period last year.

Costs and expenses in the third quarter were $880 million, up 12.8% from $780 million in the same period of the previous year. Among them, the revenue cost was 361 million US dollars, which was 281 million US dollars in the same period of last year; the R & D expenditure was 209 million US dollars, which was 179 million US dollars in the same period of last year; the sales and marketing expenses were 215 million US dollars, which was 226 million US dollars in the same period of last year; the general and administrative expenses were 94.58 million US dollars, which was 93.76 million US dollars in the same period of last year.

In the third quarter, operating costs and expenses were $759 million, up 12.1% from $677 million in the same period of the previous year. Among them, stock incentive expenditure was $116 million, an increase of 18% over the same period last year of $98.62 million, accounting for 12% of the total revenue, compared with 19% in the previous quarter; intangible assets amortization was $5.424 million, compared with $3.806 million in the same period of last year.

Net profit in the third quarter was $29 million, up 21.6% from $37 million in the same period last year. Net profit margin in the third quarter was 3%, compared with 4% in the same period last year. Basic earnings per share were $0.04 in the third quarter, compared with $0.05 in the same period last year; diluted earnings per share in the third quarter was $0.04, compared with $0.05 in the same period last year.

Non-US accounting standards, third quarter net profit of $151 million, compared with the same period last year net profit of $137 million increased 10.2 percent. Third-quarter earnings per share were $0.19, compared with $0.17 for the same period last year.

As at 30 September 2020, Total cash holdings amounted to $2,201 million, Total short-term investments amounted to $5.480 billion; As of 31 December 2019, Total cash holdings amounted to $1.799 billion, Short-term investments totalled $4.840 billion.

The average number of monetized daily active users (mdau) in the third quarter was 187 million, compared with 145 million in the same period of the previous year and 186 million in the previous quarter. In the third quarter, the average monetized daily active users increased by 29% on a year-on-year basis, basically flat on a month on month basis.

An average of 36 million U.S. daily active users (mDAU) were monetized in the third quarter, compared with 30 million in the same period last year and 36 million in the previous quarter. For the third quarter, the international average was 152 million active users (mDAU), compared with 115 million in the same period last year and 150 million in the previous quarter.

Comments of company executives

Stock changes

Twitter shares rose $3.90, or 8.04%, to $52.43 on the New York Stock Exchange on Thursday. The shares fell $8.59, or 16.38%, to $43.86 in after hours trading. (Tianmen Mountain)

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