Musk has ended the Twitter agreement worth $ 44 billion in the existence of bots on the platform and Twitter has sued him for canceling the agreement, with the trial now determined for October at US court.
In Q2’s revenue, Twitter said that Q2 revenue amounted to $ 1.18 billion, a decrease in 1 percent year-to-year, “reflecting the headwinds of the advertising industry related to the macro environment and uncertainty related to the acquisition that was delayed by Twitter by Affiliates from Musk”.
When it does not include Mopub and Mopub, the growth of the year-to-year is 3 percent, he added.Twitter advertising revenue reaches $ 1.08 billion, and subscription and other income amounts to $ 101 million.The active daily use of Q2 (MDAU) monetization is 237.8 million, up 16.6 percent compared to the previous Q2.
This increase was driven by an ongoing product and global conversation around the current event, Twitter said.The company said that given the acquisition of Twitter delayed by Musk, “We will not host the revenue conference call, issue a shareholder letter, or provide financial guidelines.
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