Twitter’s revenue is increasingly coming from international markets

Twitter lost 1 million monthly active users over the past three months, but the platform would rather the attention be focused on its growth in daily active users, which rose 11 percent over the year prior. In its second-quarter earnings for 2018, Twitter reported its third straight quarter of profitability with double-digit growth in revenue. Here’s what you need to know from Twitter’s first-quarter earnings report: The key numbers:  335 million monthly active users (down 1 million from the previous quarter) 68 million monthly active users in U.S. (down 1 million from the previous quarter) Profit was $100 million 11 percent growth in daily active users from the year prior (up 1 percent from the previous quarter) $771 million in quarterly revenue (up $137 million from the previous quarter) $601 million in advertising revenue Cost per engagement was down 32 percent from the previous year $344 million in international users (up 44 percent from the previous year) 16 percent of its revenue came from Japan (down 2 percent from the previous quarter) Twitter beat revenue estimates, pulling in $711 million versus $696.2 million predicted by Thomson Reuters. Unfortunately for Twitter, analysts had predicted monthly active users to grow by about 3 million while that number actually dropped. Twitter’s stock dropped by 3 percent in after-hours trading and continued to fall. Around 10 a.m. ET, the stock was down by nearly 16 percent. The drop in stock price also may have been affected by Twitter’s weak guidance, adjusting their projections down from last quarter.