Twitter Inc. (NYSE: TWTR) reported first quarter 2021 earnings results today.
Revenue increased 28% year-over-year to $1.04 billion.
GAAP net income was $68 million, or $0.08 per share, compared to a net loss of $8 million, or $0.01 per share, last year. Adjusted EPS was $0.16.
Average monetizable daily active users (mDAU) totaled 199 million for the quarter.
For the second quarter of 2021, total revenue is expected to range between $980 million and $1.08 billion.
Although Twitter beat revenue and earnings expectations, the stock dropped over 8% in aftermarket hours as user numbers and guidance failed to impress Wall Street.
