Twitter just published revenues for the first quarter of 2021, and it highlights the company’s growth during the ongoing pandemic. On average, Twitter had 199 million daily active users in the first quarter of 2021, up almost 20% from the 166 million Twitter count a year ago, when the reach of the COVID-19 pandemic had recently grown. Claire. Twitter has grown faster outside of the US over the past year; International daily active users grew from 133 million in the first quarter of 2020 to 162 million in the last quarter, representing an increase of 22%.
Between the ongoing pandemic and a completely insane electoral cycle in the United States, it’s no surprise that Twitter has behaved well. Society seems to thrive when there are a lot of polarizing events people can argue over, and no doubt that sums up 2020 quite well. corresponding increase in revenue – first quarter revenue totaled $ 1.04 billion, up 28% year-over-year, and net income was $ 68 million. A year ago, Twitter lost $ 8 million, so we’re looking at a pretty significant improvement.
Twitter warned that the faster growth in users it experienced in 2020 would likely mean users will not grow as quickly in 2021. In its letter to shareholders, the company said the “strong surge linked to the pandemic” in 2020 could lead to double-digit year-over-year user growth rates for the remainder of 2021, with the lowest growth expected for the next quarter.
It also appears that Twitter’s financial results haven’t suffered from its decision to finally ban Donald Trump in January, either.
Twitter is holding an investor conference call at 6 p.m. ET, and we’ll update this story with whatever we hear from that call.
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