Twitter records record revenue growth post 2014 1 trillion USD - The social network has presented the results for the second quarter of 2021 and the most important fact is that its revenues have increased by 74% year-on-year, thanks to "a wide increase in the demand for advertisers", according to a letter to shareholders.

In numbers, they have achieved revenues of $ 1,190 million that have grown from $ 683.4 million last year. Estimates put income at $ 1.06 billion for the quarter.

The previous quarter, revenues had already increased by 28% and putting both data together results in the strongest growth since 2014.

Twitter records record revenue growth post 2014 1 trillion USD

In addition, profits have also grown to $ 65.5 million, after last year they recorded a loss of $ 1.38 billion.

The growth of both factors is mainly due to the increase in advertising and the number of monetizable daily active users —users who see advertising on the web—, which grew by 11% to 206 million, according to Twitter.

Adjusted earnings have been $ 0.20 per share compared to the 0.07 forecast by analysts. A positive figure especially when compared to the fall of 1.58 dollars per share recorded last year.

Twitter records record revenue growth post 2014 1 trillion USD

Jack Dorsey, CEO of Twitter commented on the results: "As we enter the second half of 2021, we send more, learn faster and hire notable talent. For example, our higher shipping rate contributed to reaching 206 million average monetizable DAU (mDAU) in the second quarter, an increase of 11% year-on-year and 3% quarter-on-quarter. There is a great opportunity for everyone to use Twitter."

Looking ahead to the third quarter, Twitter expects revenues to be between $ 1,220 and $ 1,300 million. For the whole of 2021, the social network expects its total expenses to rise by 30% and its revenues to rise even higher.

Twitter records record revenue growth post 2014 1 trillion USD

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Visas for new construction and housing rehabilitation confirm that construction has already recovered prepandemia figures

As the demand for housing in the property, the numbers of construction and rehabilitation of housing have already managed to leave behind the impact of the coronavirus and begin to show figures that exceed that recorded before the pandemic, which, in the long term, could help to solve the lack of supply in the real estate market which experts attributed the high prices of housing.

Specifically, the data presented this Thursday by the Colleges of Architects show that the surface visada of new work and rehabilitation grew during the second quarter 1.7% more than in the same period of 2019 and 60% more than last year, although the period between April and June 2020 is not comparable due to the restrictions of activity and mobility that prevailed then due to the first wave of the pandemic.

This rebound in the visada surface is reflected in the increase in the number of visada homes in the second quarter, which stood at around 28,400 homes, 5% more than between April and June 2019, and in the strong rebound of visada homes for rehabilitation, which grew 28.5% compared to those registered in the same period of 2019 and have added 17.8% in the first half of 2021 than in 2019.

In fact, the Colleges of Architects have noted that between January and June 2021 already has a visa almost 56% of the rehabilitated housing in 2019, noting that, while the impact of the coronavirus has been more moderate rehabilitation in new construction during 2020, since the start of this year has increased steadily since February and has reached the 3.340 housing approvals in the month of July, its best result in 2 years.

The president of the Superior Council of the Colleges of Architects of Spain (Cscae), Lluís Comerón, has assured that rehabilitation is the great challenge of the Spanish market. "Rehabilitation is the great challenge that our country has and the impulse contemplated in Component 2 of the Recovery Plan to rehabilitate 480,000 homes between 2021 and 2023 may be the stimulus that Spain needs to promote the wave of renovation that the built park needs," he said, according to Brainsre.

In fact, the urban regeneration and housing rehabilitation is one of the main points of creating jobs and promoting economic growth in the coming years, as recorded in the Plan of Recovery, Transformation, and Resilience that passed in April, the Council of Ministers and with which Spain has defined its goals to reverse the european funds allocated to the country between this year and 2023.

Thus, the Government has predicted that the plan will create 800,000 jobs and add an additional 2% of GDP growth in the next 3 years. Of these objectives, the Executive expects that investments in housing reform and urban agenda will provide 188,000 jobs and contribute to contribute 13,500 million euros to GDP growth through half a million rehabilitation projects planned until 2023.