The Twitter announced that at the end of the fourth quarter of 2020 it reached 192 million active daily users.
ΑThese users can see ads (monetizable daily active users-mDAU) are 26% more than a year ago, but the company admitted that the growth rate of its users may slow down this year.
The decline is expected to begin in the second quarter, as the positive impact of the pandemic on its user base begins to decline.
However, he informed investors that he sees a strong start this year, as advertising on his platform shows a steady upward trend (revenue 1,15 billion dollars in the fourth quarter of 2020, up 31% from a year ago) and overall its financial results are higher than expected by Wall Street analysts.
Total revenue for the fourth quarter of 2020 reached a record $ 1,29 billion, up 28% compared to the fourth quarter of 2019. Fourth quarter earnings amounted to 222,1 million dollars.
These announcements pushed the share price to move by about 3% upwards on the US stock market. The share has already risen 11% since the beginning of 2021, according to the agency Reuters.
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