Although the world had predicted a public stoning of Twitter following Tuesday’s second-quarter earnings result, the company managed to duck the lobbed spitballs, and how.
It beat analyst expectations on almost every metric. Revenue was $312 million compared to the $283 million predicted. The company even posted a profit of 2 cent earnings per share, as opposed to the expected loss of one cent per share, when excluding stock-option compensation.
But as anyone following Twitter news knows, the real proof in the pudding for this company is user growth. Although the user numbers could certainly have been better, they still topped industry expectations. As of June 30, Twitter’s average monthly active users were 271 million, a solid chunk larger than the 267 million expected based on a Bloomberg analyst poll number. That 271 million represents a 24 percent growth in users from the same quarter last year.
Investors were pleased, and the stock jumped 30 percent after the report came out.
