Twitter rises nearly 18% on the stock after triple its profits in 2019

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Twitter rises nearly 18% on the stock after triple its profits in 2019 A display shows the information on the stock symbol TWTR, for Twitter Inc, at the New York Stock Exchange in New York, New York, USA. EFE / FILE

 New York, .- Investors are receiving with optimism on Tuesday the first results of this year 2019 of the social network Twitter, which in mid session rises 17.48%, with shares quoted at 40.39 dollars.

Twitter reported this morning that it tripled its profits during the first quarter of the year to 191 million dollars, representing an increase of 213.11% year-on-year, thanks to the increase in advertising revenues and the sale of software.

The technology company based in San Francisco (USA) reported a net profit of $ 0.37 per share on Tuesday, compared to $ 0.16 in the same period of 2018, when it made a profit of $ 61 million.

As for the billing, this rose 18% to 787 million dollars, thanks to an increase in advertising revenues (also 18%) and licenses (20%).

One of the most significant data reported by Twitter is that it has increased its unique “monetizable” users by 6% in the last quarter, going from 126 million at the end of 2018 to 134 million in March of this year.

Twitter has 330 million active users on average, a decline of 1.78% per year, although above 321 million at the end of 2018.

From now on, the firm will report only monetizable daily users, a new variable referring to “Twitter users who register and access any day through the website or Twitter applications that allow ads to be displayed”. This figure was 134 million in the first quarter, compared to 120 million last year.

In this context, and pending the closure of the New York Stock Exchange, the Twitter title amounted to $ 6, trading at 40.39, on a rise in the Nasdaq of 17, 48%, much higher than the rest of technology, although it is a day in which these companies operate in the green zone. (EFEUSA)

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