$TWTR posted a narrower loss in 2Q16, helped by 18% growth in advertising revenue and 35% growth in data licensing and other revenue compared to 2Q16. 2Q16 revenue was $602MM, an increase of 20% YoverY. Non-GAAP net income was $93MM or $0.13 per diluted share in 2Q16.
$TWTR said its average monthly active users (MAUs) were 313MM in 2Q16, up 3% year-over-year and compared to 310MM in 1Q16. Average US MAUs were 66MM in 2Q16, up 1% year-over-year and compared to 65MM in 1Q16. Average international MAUs were 247MM in 2Q16, up 4% year-over-year and compared to 245MM in 1Q16.
$TWTR CEO Jack Dorsey said, "We are confident in our product roadmap, and we are seeing the direct benefit of our recent product changes in increased engagement and usage. We remain focused on improving our service to make it fast, simple and easy to use, like the ability to watch live-streaming video events unfold and the commentary around them."
$TWTR expects 3Q16 revenue to be in the range of $590-610MM and adjusted EBITDA to be in the range of $135-150MM. 3Q16 stock-based compensation expense is expected to be in the range of $165-175MM. For 3Q16, the company expects GAAP share count in the range of 705-710MM shares and non-GAAP share count in the range of 715-725MM shares. For more updates check http://ift.tt/2avn0mk
Submitted July 26, 2016 at 06:31PM by jeffery89 http://ift.tt/2atzLRA
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