What happened
Shares of social network Twitter (TWTR) jumped on Tuesday, rising nearly 18% around noon EDT.
The stock's gain followed Twitter's first-quarter financial results, which included better-than-expected financial results and strong growth in monetizable daily active users.
Image source: Getty Images.
So what
Twitter reported non-GAAP earnings per share of $0.37 on revenue of $787 million. These figures were up 131% and 18% compared to the year-ago period, respectively. Analysts, on average, expected non-GAAP earnings per share of $0.15 and revenue of $776 million.
Twitter also notably saw its monetizable daily active users increase 11% year over year and 6% sequentially.
Now what
Looking ahead, Twitter said improving the health of conversation on its platform continues to be its most important priority. But management will also focus on features to improve user experience and make advertising on its platform more attractive.
Management guided for second-quarter revenue to be between $770 million and $830 million, up from $711 million in the second quarter of 2018.
