Twitter CEO Jack Dorsey. Photo credit: Ryan Lash / TED, under Creative Commons license

Twitter has announced its financial results for the second quarter of this year, indicating $683 million in revenues, down 19% year-on-year. Out of that figure, advertising revenues accounted for $562 million while the remainder $121 million came from data licensing and ‘other’ revenue. Expenses for the quarter came at $807 million, implying a $124 million operating loss, compared to an operating income of $76 million in the same quarter of last year.

For the quarter, U.S. revenues accounted for $365 million, a 20% year-over-year decrease, while international revenues came at $319 million, an 18% year-on-year decrease. The coronavirus pandemic has lead to widespread business slowdowns which have, in turn, lead to sizeable advertising cuts. For comparison, Twitter reported $808 million in revenue on losses of $7 million in the first quarter of this year.

Despite lower revenues, Twitter, however, boosted its “average monetizable daily active users” count to 186 million, compared to 139 million in the same quarter of last year.