Profit in the first half of the year

Microblogging service Twitter Inc. posted a net profit of $133.654 million for the first half of the year, compared with a loss of $1.386 billion a year earlier, the company said in a statement.

Diluted earnings per share for the half-year were $0.16 against a loss of $1.77 a year earlier. Revenue jumped 1.5 times year on year to $2.226 billion.

The company posted second-quarter net income of $65.649 million against a loss of $1.378 billion. The company's diluted earnings per share were $0.08 against a loss of $1.75 and adjusted earnings were $0.2 against a profit forecast of $0.07. Twitter's quarterly revenue rose 1.7 times year-on-year to $1.19 billion, against a forecast of $1.06 billion. Including advertising revenue rose 1.9 times to $1.053 billion.

At the same time, the average number of monetised daily users (mDAU) grew by 3.5% quarter-on-quarter and 11% year-on-year to 206 million users in the second quarter.

In the third quarter, the company expects total revenues to be between $1.22 billion and $1.3 billion. The operating loss is expected to be up to $50 million. Capital expenditures for the year are projected at $900 million to $950 million.