Twitter up after reporting Q2 earnings
Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key takeaways Twitter's recent earnings report.
Video Transcript
ADAM SHAPIRO: All right, we have an earnings alert. Twitter is out. Shares are trading higher. Jared Blikre, what are they reporting?
JARED BLIKRE: That's right. Shares are actually up 10%, or at least as much as. And I'll tell you what, the revenue number really knocked it out of the park. It came in at $1.19 billion. And the estimate was for lower at $1.06 billion. That's up 74% year over year. Advertising revenue, big beat there of $1.05 billion. That's up 87%. Data licensing and other revenue, that was coming in at $137 million. Estimate was for $134.6 million, a little bit lower.
And here's a key statistic-- average monetizeable daily active users or DAUs, 206 million, up 11% year over year. And the estimate was for 205.9 million. So just kind of eked out a beat there. Adjusted EPS, $0.20. I don't have a necessarily comparison, though. And adjusted EBITDA, 343 million. So nice beat for Twitter here, up 10% in afterhours trading.
