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Twitter Active Daily Users Surge 34% To 186M In Q2, Revenue Dips 19%

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Jill Goldsmith Co-Business EditorTwitter reported active daily users surged 34% last quarter to 186 million even as revenue and earnings dipped from the year before on a challenge advertising climate amid a COVID-19 pandemic.Revenue of $683 million was down 19% year over year reflecting what the social media giant called a moderate recovery in advertising demand relative to the last three weeks of March.Total costs and expenses grew 5% year over year to $807 million, as Twitter said it continue to balance targeted headcount growth with further reducing lower priority investments, resulting in an operating loss of $124 million.

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