Twitter reports $711 million revenue, 24% YoY growth in Q2 2018, has 335 million monthly active users

Twitter today announced financial results for its second quarter 2018. The company's Q2 revenue totaled $711 million that is a solid increase of 24% year-over-year. Twitter's Advertising revenue was around $601 million, a growth of 23% YoY. it reported a net income of $100 million in Q2 2018.  Twitter says that the ad engagements increased 81% YoY, however, the Cost per engagement (CPE) decreased by 32% YoY. Data licensing and other revenue totaled $109 million with an increase of 29% YoY. The US revenue came to $367 million, an increase of 10% YoY. On the other hand, the international revenue totaled $344 million, an increase of 44% year-over-year. Moving to GAAP, Twitter's Q2 GAAP expenses totaled $631 million, an increase of 3% YoY. Twitter's Average monthly active users (MAU) were 335 million in Q2, compared to 326 million in the same period of the previous year and compared to 336 million in the previous quarter. The average US MAUs were 68 million in Q2, compared to 68 million in the same period of the previous year. The average international MAUs were 267 million in Q2, compared to 258 million in the same period of the previous year. Average daily active users (DAU) increased 11% YoY, ...