Twitter announced its financial report for the second quarter of 2020, which saw a significant increase in the number of active daily users on the network.
As expected, the number of users and the percentage of use has increased, as is the case with the rest of the platforms due to the outbreak of the Corona virus and the imposed house quarantine in most regions of the world. last year.
Twitter was able to complete the growth series after Jack Dorsey returned. As it managed to raise the number of daily users to 186 million.
The company announced last April the results of the first fiscal quarter and the number of users reached 166 million, but now it managed to attract 20 million additional users, which is a very large increase in a short period when comparing this growth with the growth achieved during the past periods.
The growth in the number of users has not stopped Twitter losses
On the other hand, the company’s revenues were not as happy for it as users did, as it made $ 683 million last quarter.
And the recent revenue is a decline of about 19% compared to the same period last year, which means the company incurred losses of $ 124 million, especially with the increase in the company’s expenses and reaching $ 807 million.
It is noteworthy that, since last year, Twitter has been content with talking about the number of active users daily, without mentioning the total number registered.