H L Data Storage Store Banner 970x90
Breaking News

Greenliant Long-Term Availability Program Supports Customers’ Extended Lifecycle Requirements ASUS and Noctua announce ASUS GeForce RTX 3080 Noctua Edition graphics card Fall Guys coming to PS5, going free for all, getting new modes, and more Klipsch announces the debut of its new Reference series speakers Sony WH-1000XM5 wireless headphones get latest noise canceling tech

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Twitter's Ad Sales Surge

Twitter's Ad Sales Surge

Enterprise & IT Oct 25,2018 0

Twitter Inc. reported high revenue and profit estimates as a result of the amount of sales sold during the last quarter, although the social network lost users after purging millions of fake accounts.

Twitter said it removed accounts used for disinformation, hate speech and other abuse as the best way to solidify a base of high-quality users who are attractive to advertisers.

Twitter's advertising revenue jumped 29 percent to $650 million in the third quarter from a year earlier, boosted by ad sales on broadcasts from media companies including Live Nation Entertainment, Major League Baseball and Major League Soccer.

That contributed to a similar jump in overall revenue from a year earlier to $758 million.

The company reported adjusted profit of 21 cents per share.

Twitter has deleted millions of suspicious accounts after it and other social media services were used in misinformation campaigns attempting influence voters in the 2016 U.S. presidential race and other elections.

Monthly active users (MAUs) fell to 326 million in the third quarter. Twitter said it expects them to fall below 326 million in the current quarter, missing the average forecast of 333.4 million.

Increases in advertising sales from video suggest the company is succeeding in efforts to generate more cash from each user and investors have been looking for solid evidence that it would lead to sustainable growth in revenue and profits.

Twitter said the number of its daily active users rose by 9 percent year-on-year, weaker than an 11 percent jump in the previous quarter and its slowest growth rate in two years. The company does not disclose the total number of daily users.

Twitter CEO Dorsey said Twitter has a "different dynamic than a typical social network," though he didn't name larger rivals such as Facebook or Instagram. He said people visit Twitter because they are interested in an event or topic such as sports - and the faster Twitter can show this to them, the better.

Tags: Twitter
Previous Post
Corsair Introduces New K70 RGB MK.2 LOW PROFILE Keyboards
Next Post
Google to Work With LG Electronics to Promote Smart Town Projects

Related Posts

  • Elon Musk to Acquire Twitter

  • Twitter Marks President Trump's Tweet With Tag Warning About "Violence"

  • Twitter's New Settings Let You Choose Who Can Reply to Your Tweet

  • Twitter to Let Employees Work From Home For Ever

  • Twitter Launches Labels to Warn On Misleading COVID-19 Information

  • Twitter to Start Warning Users That Post Offensive Replies

  • Twitter Reports Small Revenue As Advertising Business Hit By Covid-19

  • Twitter to Make Data Available COVID-19 Tweets to Researchers

H L Data Storage Store Banner 300x600

 

Latest News

Greenliant Long-Term Availability Program Supports Customers’ Extended Lifecycle Requirements
Enterprise & IT

Greenliant Long-Term Availability Program Supports Customers’ Extended Lifecycle Requirements

ASUS and Noctua announce ASUS GeForce RTX 3080 Noctua Edition graphics card
GPUs

ASUS and Noctua announce ASUS GeForce RTX 3080 Noctua Edition graphics card

Fall Guys coming to PS5, going free for all, getting new modes, and more
Gaming

Fall Guys coming to PS5, going free for all, getting new modes, and more

Klipsch announces the debut of its new Reference series speakers
Consumer Electronics

Klipsch announces the debut of its new Reference series speakers

Sony WH-1000XM5 wireless headphones get latest noise canceling tech
Consumer Electronics

Sony WH-1000XM5 wireless headphones get latest noise canceling tech

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed