Breaking News

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS Creative Launches Aurvana Ace 3 GIGABYTE Announces Availability of 27” QHD 280Hz WOLED Gaming Monitor MO27Q28G with 4-Sided Borderless Design Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds Logitech announces MX Master 4

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • 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

Latest News

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS
Cameras

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

Creative Launches Aurvana Ace 3
Consumer Electronics

Creative Launches Aurvana Ace 3

GIGABYTE Announces Availability of 27” QHD 280Hz WOLED Gaming Monitor MO27Q28G with 4-Sided Borderless Design
Gaming

GIGABYTE Announces Availability of 27” QHD 280Hz WOLED Gaming Monitor MO27Q28G with 4-Sided Borderless Design

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds
Enterprise & IT

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds

Logitech announces MX Master 4
Enterprise & IT

Logitech announces MX Master 4

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • 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