Following a strong start to the year, Twitter delivered another set of solid results for the second quarter, with revenues rising 24 percent from the year earlier to USD 711 million. Including the discontinued TellApart platform, revenues went up 27 percent. Advertising made up the bulk of revenue, jumping 23 percent to USD 601 million, with total ad engagements leaping 81 percent and cost per engagement falling 32 percent. Data licensing and other revenue meanwhile increased 29 percent to USD 109 million. By region, US revenue still trumped international, up 10 percent to USD 367 million. Revenue from the rest of the world, however, advanced faster, up 44 percent to USD 344 million.
The adjusted EBITDA went higher to USD 265 million, at the high end of expectations, from 178 million the year before. The net profit rose to USD 100 million from a loss of 116.5 million, helped by a USD 42 million benefit from the reduction in US tax rates.
Average monthly active users (MAUs) rose to 335 million from 326 million year-on-year, though they were slightly off from the 336 million recorded in the first quarter. The company said earlier that it had suspended over 70 million suspicious accounts in May and June. Average daily active users (DAU) grew 11 percent year-over-year.
Looking forward to the third quarter, Twitter is guiding for adjusted EBITDA of USD 215-235 million, with an adjusted EBITDA margin of 33-34 percent. For the full year, the company has upped its guidance for capex, which it now sees at USD 450-500 million from its previous forecast of 375-450 million.
