Twitter attributed the strong year-over-year growth to product improvements and interest in current events.
The performance beat Wall Street expectations of $1.065 billion, according to analysts surveyed by Thomson Reuters.
Twitter earned 8 cents per share, better than estimates of a loss of 13 cents per share.
Excluding certain expenses, Twitter earned 20 cents per share, beating estimates of 7 cents per share.
Shares in Twitter shot 7% higher, to $74.40 per share, in after-hours trading.
New waves and variants also prompted users to turn to the service.
Twitter’s US daily active users dropped by 1 million to 37 million from the first to second quarter.
“People are still merging their old pre-COVID habits with their new habits,” Segal said.
After that, Twitter’s cut will increase to up to 20%.
The product, however, isn’t being widely used and will beshutteredin August.
“We can reach every single person on the planet,” Dorsey said about cryptocurrency.
Twitter is also anticipating some challenges.
Snapalso reported earnings on Thursday, beating Wall Street’s expectations.
Earnings rose 158%, to 10 cents per share.
Snap’s stock jumped more than 13%, to $71.07 per share, in after-hours trading.
