Twitter Reports Record User Growth and Stronger-Than-Expected Earnings in Q1

It's a pleasant surprise for the company, which has been hit hard by Covid-19

Twitter incurred a net operating loss of $7 million for the quarter. Photo Illustration: Trent Joaquin; Sources: Twitter, Getty Images

By Scott Nover

April 30, 2020

Key insights:

Despite posting its highest-ever user growth, the trend may not last long because Twitter's ad business is "heavily event-driven."

Twitter beat earnings projections for the first quarter of 2020, led by 24% growth year-over-year in monetizable daily active users (mDAU)—or daily users who can view ads—and 3% revenue improvement (though still a net operating loss) during the same time period.

Scott Nover

@ScottNover scott.nover@adweek.com Scott Nover is a platforms reporter at Adweek, covering social media companies and their influence.