Todd Spangler NY Digital EditorTwitter fell short of Wall Street earnings expectations for the second quarter of 2020 as total revenue fell 19%, despite packing on a record 20 million daily active users in the period.What Twitter calls “monetizable” daily active users increased 34% year over year to 186 million, adding 20 million in Q2 and representing the highest quarterly year-over-year growth rate “since we began reporting mDAU growth,” said Jack Dorsey, Twitter’s CEO, in announcing earnings.Even with the earnings miss, Twitter shares were up more than 6% in pre-market trading Thursday.
The company didn’t provide guidance for Q3, except to say it expects total costs and expenses to increase 10% or more year-over-year, as it plans to.
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