Twitter Profit Rises as Trump Demands 'Fairer' Social Media

Net profit more than tripled to $191m, compared to $61m in the same period a year ago.

The social media company has announced its Q1 earnings for fiscal 2019.

The company's revenue rose to $787m (£605m) in the first quarter, up 18% from a year earlier. Analysts surveyed by Zacks Investment Research forecast earnings of 15 cents per share. This included 105 million mDAU internationally and 28 million in the U.S. In the fourth quarter, average mDAU totaled 126 million globally.

Trump has one of the most-followed accounts on Twitter, with almost 60 million followers. The shares jumped the most in nearly six months.

Shares in Twitter rose more than 16 per cent today after the social media platform posted a threefold increase in first-quarter profits.

Enberg said the move to use monetizable daily active users - those seeing ads on the platform - leads to a "value proposition to advertisers" to reach "a committed though not very large user base when compared with other social platforms". However, average monthly active users (MAU) were 330 million-a drop from 336 million a year earlier.

Revenues were boosted by ad sales that also rose 18%, to $679m. Breaking that down by region, USA revenue was up 25% to $432 million and worldwide revenue was up 11% to $355 million.

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Higher ad impressions and improving clickthrough rates across Twitter's advertising formats pushed ad engagement up 23% in the quarter, while cost per ad engagement decreased by 4%.

Dorsey admitted last month that his employees might have acted with too much zeal in banning some conservative users, as he responded to criticism that his platform appears to target predominantly Trump supporters.

This pushed up costs by 18% to $693m, resulting in net income of $191m. Having always been criticized for relying on users to report abuse, the company recently said some 38 per cent of abusive content is now being found through technology and flagged for human review, up from none past year.

"We are now removing 2.5x more Tweets that share personal information and 38% of abusive Tweets that are taken down every week are being proactively detected by machine learning models", CEO Jack Dorsey said in a statement.

Shares of Twitter have advanced about 19.7% this year through Monday's close.

Twitter's stock is up 20 per cent so far this year, outperforming the broader market but lagging behind social media peers.

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