Social networking company Twitter, Inc. (TWTR) reported third-quarter revenue in line with expectations, driven by continued momentum across all products and geographies. Following the news, shares jumped 3.9% in the extended trading session on October 26. Revenue of $1.28 billion rose 37% year-over-year, in line with the consensus estimates. Advertising revenue, the largest contributor, came in at $1.14 billion, growing 41% compared to the year-ago period. Additionally, Twitter’s Monetizable Daily Active Usage (mDAU) grew 13% year-over-year to 211 million, showing strength in the company’s product improvements and global conversations around current events. (See Insiders’ Hot Stocks on TipRanks) Twitter posted a quarterly loss of $0.
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Twitter (NYSE:TWTR)
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