Twitter shares are up 35% in after-hours trading following better-than-expected second-quarter results. Twitter's user growth, revenue, and engagement stats all look good, and Twitter can thank the World Cup for a lot of that. CEO Dick Costolo said the World Cup has set a blueprint that will enable Twitter to extend it's appeal to a wider audience. The report outpaced analyst expectations on most key metrics. Importantly the figure on Monthly Active Users (MUA) stabilised. Twitter reported 271 million for the quarter, while analysts were expecting something around 265 million. The other strong result was with respect to revenue from mobile advertising. Twitter posted $312 million in second-quarter sales, up 124% from last year - and way more than the $283 million that investors were anticipating. More than 80% of revenue comes via mobile. You can see the key metrics in graphs on the following link: (VIEW LINK)
Please sign in to comment on this wire.