Twitter recently posted its latest earnings and the results beat the expectations by witnessing a major raise of 5 million daily active users to 192 million for the fourth quarter of 2020 and that has increased from the 187 million daily active users on the third quarter and 152 million daily active users at the beginning of last year. Twitter is said to have 37 million daily users just from the United States alone.
Even though twitter banned the former president of the United States Donald Trump, for being toxic for the social media environment. The results are steady. Twitter is expecting a healthy environment growth this year. The company believes that it will witness a 20 % growth in the first quarter of 2021 and even said that the results from the month of January are above the level that has been coming in during the last four years.
Twitter shared its results by providing the fourth quarter results of 2020 with the fourth quarter results of 2019 which when compared do look better. The growth is good no doubt but is not enough to shock everyone
Jack Dorsey, the CEO of Twitter says that Twitter is in fact one of the largest social media apps out there and said that Twitter is a global service and is not dependent on news and politics to engage their user usability. On the fourth quarter earnings he says that almost 80% of the audience is from outside the United States. The earnings total to about $1.29 billion which is about a 28% increase as compared to last year’s earnings.
For the first quarter of 2021, twitter is expecting the earnings to be within the range of $940 million to $1.04 billion, which will cover up the loss of about $50 million. Some have been expecting the earnings to be around $965 million.
For 2021, twitter is to grow its audience by an increase of 20% and earn a total more than the expenses. It is also said that Apple’s change with the iOS 14, with the user opting for the in-app tracking or not is for sure to make an impact on this as well.
Twitter has also rolled out new features to engage a safe and improved content among users.
Read next: Twitter has confirmed to test new business models including subscriptions and some other paid feature in the year 2021 to diverse its revenue generation
Even though twitter banned the former president of the United States Donald Trump, for being toxic for the social media environment. The results are steady. Twitter is expecting a healthy environment growth this year. The company believes that it will witness a 20 % growth in the first quarter of 2021 and even said that the results from the month of January are above the level that has been coming in during the last four years.
Twitter shared its results by providing the fourth quarter results of 2020 with the fourth quarter results of 2019 which when compared do look better. The growth is good no doubt but is not enough to shock everyone
Jack Dorsey, the CEO of Twitter says that Twitter is in fact one of the largest social media apps out there and said that Twitter is a global service and is not dependent on news and politics to engage their user usability. On the fourth quarter earnings he says that almost 80% of the audience is from outside the United States. The earnings total to about $1.29 billion which is about a 28% increase as compared to last year’s earnings.
For the first quarter of 2021, twitter is expecting the earnings to be within the range of $940 million to $1.04 billion, which will cover up the loss of about $50 million. Some have been expecting the earnings to be around $965 million.
For 2021, twitter is to grow its audience by an increase of 20% and earn a total more than the expenses. It is also said that Apple’s change with the iOS 14, with the user opting for the in-app tracking or not is for sure to make an impact on this as well.
Twitter has also rolled out new features to engage a safe and improved content among users.
