image credit: Unsplash

Coronavirus pushed Twitter to a record 24% growth in daily users last quarter, but the social media giant swung to a loss

April 30, 2020


Twitter shares surged more than 5% in pre-market trading on Thursday after the social media group revealed record growth in daily active users last quarter.

The company’s first-quarter revenue and earnings beat the consensus forecast of Wall Street analysts polled by Bloomberg.

Here are the key numbers:

Revenue: $808 million versus $773 million estimated.

Operating income: $7 million loss versus $14 million loss estimated.

EPS: $0.01 versus -$0.03 estimated.

Read More on Business Insider