The social network’s first-quarter results are out — and they’re spectacular.
Shares of social network Twitter jumped on Tuesday, rising nearly eighteenth around noon EDT.
The stock’s gain followed Twitter’s first-quarter financial results, including better-than-expected financial results and robust growth in monetizable daily active users.
Twitter reported non-GAAP earnings per share of $0.37 on revenue of $787 million. These figures were up 131% and eighteenth compared to the year-ago period, respectively. Analysts, on average, expected non-GAAP earnings per share of $0.15 and revenue of $776 million.
Twitter conjointly notably saw its monetizable daily active users increase eleventh year over year and sixth sequentially.
Looking ahead, Twitter said improving the health of conversation on its platform continues to be its most important priority. However management will also focus on features to improve user experience and make advertising on its platform more attractive.
Management guided for second-quarter revenue to be between $770 million and $830 million, up from $711 million within the second quarter of 2018.