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Tune in to Twitter Q2’20 earnings Q&A with @jack & @nedsegal at 8am ET / 5am PT! Listen 
via @TwitterIR or
https://investor.twitterinc.com/events.cfm $TWTR
via @TwitterIR or https://investor.twitterinc.com/events.cfm $TWTR
Tweet us your questions during our Q2'20 earnings call @TwitterIR using $TWTR. We want to hear from you!
Time for the dry, but important disclaimer... $TWTR
First, a note about last week. Twitter suffered a very public and disappointing security issue. We moved quickly to address what happened and took add'l steps to improve resiliency against targeted social engineering attempts. $TWTR
We've implemented safeguards to improve the security of our internal systems & are working with law enforcement as they conduct their investigations. $TWTR
We understand our responsibilities and are committed to earning the trust of all of our stakeholders with our every action, including how we address this security issue. We will continue to be transparent in sharing our learnings and remediations. $TWTR
Let's turn to the Q2'20 highlights... $TWTR
Avg monetizable DAU grew 34% y/y to 186 million, driven by global conversation around current events & ongoing product improvements. This marks the highest quarterly y/y growth rate we’ve delivered since reporting mDAU growth. We have 20M more avg mDAUs in Q2'20 vs. Q1'20. $TWTR
We completed our ad server rebuild & are making progress accelerating performance ads roadmap starting w/ Mobile Application Promotion (MAP), including our acquisition of CrossInstall. $TWTR
Revenue was $683 million in Q2, down 19% y/y, reflecting moderate recovery in advertising demand relative to the last three weeks of March. $TWTR
Total costs & expenses grew 5% y/y to $807 million, as we continue to balance targeted headcount growth w/ further reducing lower priority investments. We incurred an operating loss of $124 million. $TWTR
On mDAU: Growth continued to accelerate in Q2 & to be broad-based, with double-digit growth rates in all top 10 markets. We grew US mDAU by 24% and international mDAU by 37%. $TWTR
The mDAU increase was primarily driven by external factors - shelter in place, conversations around COVID-19, etc. We also continue to benefit from ongoing product improvements. We believe mDAU growth would still have been strong in absence of external factors. $TWTR
Our work to serve the conversation around COVID-19, to help people find trusted sources of information, to better organize and surface topics and interests, and to deliver virtual watch parties for movie launches and virtual concerts helped us serve our larger audience. $TWTR
We also continue to benefit from ongoing product improvements, including continued increases in relevance of notifications, Search, Explore, and the Home timeline. $TWTR
Audience and engagement surged in the last few weeks of Q1 as the COVID-19 pandemic became global and we maintained this larger audience in Q2. $TWTR
The higher usage of our service presents tremendous opportunity to serve the public conversation & be where people go to see what’s happening. It gives us confidence in our ability to deliver consumer value; we'll keep working hard to make Twitter part of their daily lives. $TWTR
One of our goals is to make it easier for people to find content, follow & join conversations. We grew Topics people can follow to >4,100. By end of Q2, 50 million accounts followed Topics. We also launched features to help people discover Lists related to their interests. $TWTR
Another important goal is to make it easier to follow and participate in conversations. We’re experimenting with giving people the ability to Tweet with their voice... $TWTR
...and providing people controls that allow them to choose who can reply to their Tweets. $TWTR
We expanded Fleets to three more markets - Italy, India and South Korea. We also launched the ability to easily see all Retweets with Comments for any Tweet. $TWTR
While many sports and live entertainment events have been cancelled or delayed, we’re continuing to amplify conversations around digital movie & TV launches and virtual concerts. $TWTR
We held virtual watch parties for ESPN's docuseries #TheLastDance about Michael Jordan and the Chicago Bulls with live post-shows on Twitter. The parties sparked over 11 million Tweets; the live post-shows had over 8 million views. $TWTR
We collaborated with Global Citizen to live stream the #TogetherAtHome concert that supported the World Health Organization, which generated over 10 million views, over 2.2 million Tweets and opportunities for brands to connect with what's happening. $TWTR
To celebrate the return of golf, we partnered w/ the PGA Tour on a Twitter Multicast for the Charles Schwab Challenge 1st round to showcase athletes, celebs & other personalities with their own live stream & commentary, along w/ PGA TOUR LIVE Featured Groups coverage.
