Twitter share rises 10.0% on Revenue Beat

Twitter (TWTR) share has risen 10.0% today after the company announced its second quarter results. The social media giant reported sales of $ 841 million, beating analysts' estimates at $ 829.07 million. It reported adjusted EPS at $ 0.05. In the second quarter of 2018, Twitter reported revenue of $ 710.54 million and EPS of $ 0.08.

Revenue on Twitter increased by 18.4% YoY (year over year) in Q2 and rose by 20.0% in constant currency. Ad sales mainly driven Twitter revenue growth. The company reported that the strength of domestic markets increased sales and expanded profit margins. The company's focus on product improvements improved its average number of earnings from DAU (daily active user).

Twitter advertising sales rose 21.0% in the second quarter to $ 727 million, accounting for 86.4% of the company's total revenue. Domestic advertising sales rose 29.0% in Q2, exceeding 24.0% in Q1[ads1]. The number of DAUs increased by 14.0% to 139 million and marked the highest growth in the last four quarters. Twitter's international DAU numbers drove that growth and increased 15.0% to 110 million from 96 million. Following the company's release in the first quarter, the Twitter share rose 7.0% in trade with the premarket.