Twitter's total revenue stands at $824 million, up 9% year-over-year in Q3 2019

The total advertising revenue stands at $702 million in this quarter

e4m by exchange4media Staff
Updated: Oct 25, 2019 9:26 AM
Twitter

Twitter has posted a total revenue of $824 million, up 9% year-over-year, for Q3 2019.

As per the statement on the company website, the operating income of $44 million reflects lower-than-expected revenue and no significant changes to ongoing investments.

The average monetizable DAU (mDAU) has grown 17% year-over-year, reaching 145 million in Q3. This, Twitter said, was driven by ongoing product improvements. “In Q3, we made a number of improvements including continuing to increase relevance in the Home timeline and notifications,” the letter to shareholders said.

The total advertising revenue was $702 million, an increase of 8%. “During the quarter, we encountered a number of unexpected headwinds in our ads business. Data licensing and other revenue totalled $121 million, an increase of 12%, the letter said.

In more information shared in the letter, the company has said:

“We’re also making it easier for people to follow what’s happening with their specific interests on Twitter using lists they’ve created or to which they’ve subscribed. In Q3 we added the ability for people to pin up to five lists alongside their Home timeline on iOS. People can easily rearrange and swipe to access specific lists from their Home timelines, making it easy to jump between a set of timelines tailored to their interests. We plan to make it even easier for people to create and share lists about specific interests and find relevant lists from others.

"We have also begun experimenting to make it easier to follow and join conversations, including a feature that highlights replies in conversations when the reply comes from the author, someone who’s @mentioned, or someone a person follows, making it easier for a reader to understand who’s contributing to the conversation.”

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