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Home / Business / Twitter exceeded its third-quarter revenue forecast, but user growth did not meet expectations

Twitter exceeded its third-quarter revenue forecast, but user growth did not meet expectations



Twitter Inc. (TWTR)-Get report After the Weibo website announced better-than-expected third-quarter earnings, the stock fell by its biggest decline in at least five years, but pointed out that its own user growth indicators failed to meet Wall Street’s expectations.

Twitter said that for the three months to the end of September, non-GAAP earnings per share were 19 cents, an increase of 2 cents over the same period last year and 13 cents higher than Wall Street’s consensus. Twitter said that the group’s advertising revenue increased by 15% to $808 million, while total revenue increased by 14% to $936.2 million, both of which exceeded analyst expectations.




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