Skip navigation

Gloucestershire Business News

Social media giants Snapchat and Twitter announce revenue increase

Microblogging site Twitter has reported its number of daily users has increased by 11 per cent from this time last year. It ow has 200 million active users who utilise its site daily.

Advertising sales accelerated 74 per cent year on year to $1.19bn, achieving a profit of $65.7m.

"As we enter the second half of 2021, we are shipping more, learning faster and hiring remarkable talent," Twitter chief executive Jack Dorsey told investors yesterday (July 22nd).

Snapchat beat analysts' forecasts, exceeding 293 million daily users in the second quarter. The company detailed that its revenues more than doubled to £713 million.

"Our second quarter results reflect the broad-based strength of our business, as we grew both revenue and daily active users at the highest rates we have achieved in the past four years," Snap boss Evan Spiegel said in its financial update.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 17 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, September 17

The ongoing coronavirus situation is constantly changing with announcements being made about businesses and services.

BREAKING NEWS: Another big name to leave Gloucester Quays Image

BREAKING NEWS: Another big name to leave Gloucester Quays

Sports brand Nike has confirmed plans to close its Factory Store at Gloucester Quays as early as next month.

VIDEO: Second helping of Gloucester's £3.5m Food Dock development Image

VIDEO: Second helping of Gloucester's £3.5m Food Dock development

Last week www.Punchline-Gloucester.com reported that building works were progressing on Gloucester's latest culinary destination and now we return for an extended tour.

Retail sales down for fourth month Image

Retail sales down for fourth month

Retail sales fell for the fourth month in a row after a gloomy summer for sales.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.