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Photo: Omar Marques/SOPA Images/LightRocket/Getty Images

Twitter's stock was up nearly 4% in pre-market trading Friday, after the company said it added more "monetizable" daily users than investors had anticipated.

Yes, but: The company said it has been making investments in health and safety features on the platform, and forecasted that those investments would increase operating costs by 20% over the course of the entire fiscal year.

Why it matters: Part of Twitter's turnaround story over the past two years since going public in 2013 is that it's been able to consistently turn a profit. These kinds of investments may continue to eat at the company's margins moving forward.

  • In a statement, Twitter CEO Jack Dorsey said that health remains Twitter's top priority and that the company's investments resulted in an 18% drop in reports of spammy or suspicious behavior.

By the numbers, via CNBC:

  • Earnings per share: 20 cents, adjusted, vs. an expected 19 cents per share, per a Refinitiv survey of analysts.
  • Revenue: $841 million vs. an expected $829.1 million, per Refinitiv
  • Average monetizable daily active users (mDAUs): 139 million

Between the lines: This was the first quarter in which Twitter stopped reporting a monthly active usage metric, after the company missed its analyst expectations during the two prior quarters.

  • Its new metric is called "monetizable daily active usage (mDAU)," which the company says takes into account whether a user was exposed to advertising.
  • The company said ad engagements were up 20% year-over-year, suggesting improvements to its ad products are working.

Be smart: Despite gains, Twitter's daily active user base is smaller than its peers, and it is much more international, which is typically tougher to monetize. For comparison, Snapchat said Tuesday that it now has 203 million daily active users, while Facebook has 1.59 billion.

Go deeper: How Jack Dorsey plans to change Twitter

Go deeper

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
5 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.

Updated 14 hours ago - World

U.S. airstrike kills senior al-Qaeda leader in Syria, DOD says

A displacement camp near the village of Qah in Syria's northwestern Idlib province. Photo: Ahmad Al-Atrash/AFP via Getty Images

A U.S. airstrike in northwest Syria on Friday killed senior al-Qaeda leader Abdul Hamid al-Matar, U.S. Central Command said in a statement.

Why it matters: Syria serves as a "safe haven" for the extremist group to plan external operations, according to U.S. Army Maj. John Rigsbee.