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Twitter lifts profit, revenues but loses users in Q2

2018-07-27 13:43:00| Telecompaper Headlines

(Telecompaper) Following a strong start to the year, Twitter delivered another set of solid results for the second quarter, with revenues rising 24 percent from the year earlier to USD 711 million. Including the discontinued TellApart platform, revenues went up 27 percent. Advertising made up the bulk of revenue, jumping 23 percent to USD 601 million, with total ad engagements leaping 81 percent and cost per engagement falling 32 percent. Data licensing and other revenue meanwhile increased 29 percent to USD 109 million. By region, US revenue still trumped international, up 10 percent to USD 367 million. Revenue from the rest of the world, however, advanced faster, up 44 percent to USD 344 million.

Tags: users profit revenues loses

BT doubles down on convergence as revenues slip

2018-07-27 02:00:00| Total Telecom industry news

BT reported a 2 per cent drop in revenues for this quarter as the UK's former incumbent operator emerges from a difficult few months. Over the last few months, BT has faced a shareholder backlash that led to the resignation of long serving CEO Gavin Patterson, as the company's share price continued its 2-year nose dive to hit £2.0325 per share on the 18th May (down from a high of £…read more on TotalTele.com »

Tags: slip revenues convergence doubles

Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

2018-07-25 08:25:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable basis, hit by the devaluation of the Brazilian real at its TIM Brasil unit, a recent jobs deal, the return to monthly billing in Italy and other regulatory impacts. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) was EUR 3.92 billion in the first six months, down 4.8 percent compared to the year-earlier result of EUR 4.11 billion, while the margin was down 0.9 of a percentage point to 41.2 percent. TIM added that organic EBITDA net of non-recurring components and other one-offs totalled EUR 4.04 billion, some EUR 2 million higher than a year earlier, while capital expenditure fell EUR 381 million to EUR 1.68 billion on a comparable basis.

Tags: sales italia starts asset

Vodafone names date for Idea Cellular merger, as Group revenues fall by 4.9%

2018-07-25 02:00:00| Total Telecom industry news

Vodafone Group's outgoing CEO, Vittorio Colao, has said that he expects Vodafone India's long mooted merger with Idea Cellular to complete by the end of August. Speaking to the press following the company&rsquo…read more on TotalTele.com »

Tags: by date group fall