UPDATE: Canaccord Genuity Downgrades Twitter, Inc. (TWTR) to Hold

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Go back to UPDATE: Canaccord Genuity Downgrades Twitter, Inc. (TWTR) to Hold

Twitter Posts Second Quarter Results of $602 Million in Revenue

July 26, 2016 5:03 PM EDT

SAN FRANCISCO, July 26, 2016 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced financial results for its fiscal 2016 second quarter ended June 30, 2016. The company posted quarterly revenue of $602 million, up 20% year-over-year. Quarterly GAAP net loss was $107 million, or ($0.15) per diluted share with quarterly non-GAAP net income of $93 million, or $0.13 per diluted share. Average monthly active users (MAUs) were 313 million for the quarter, up 3% year-over-year and compared to 310 million in the previous quarter. Mobile MAUs represented approximately 82% of total MAUs.

Advertising revenue totaled $535 million, an increase of 18% year-over-year. Mobile advertising revenue was 89% of total... More