Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

Twitter's stock was up nearly 5% in after-hours trading Thursday after the tech giant reported top- and bottom-line revenue growth. User growth also met Wall Street expectations.

Why it matters: Twitter attributed revenue growth to improvements in its products and sales execution as well as "a broad increase in advertiser demand." Twitter's ad revenue was up 87% year-over-year.

  • The company's chief financial officer Ned Segal attributed much of the company's growth to "significant progress" in its ad product, including "updated ad formats, improved measurement, and better prediction," per a press statement.
  • He also noted the company has improved its performance ad products that cater to small- and medium-sized businesses.

The big picture: The advertising market has rebounded faster than expected, driving positive results for several ad-based internet companies. Snapchat also posted a big earnings beat.

  • Twitter's year-over-year revenue growth numbers are the highest they've been in several years.

By the numbers via CNBC:

  • "Earnings: 20 cents per share, adjusted, vs. 7 cents as expected by analysts polled by Refinitiv."
  • "Revenue: $1.19 billion vs. $1.07 billion as expected by analysts polled by Refinitiv."
  • "Monetizable daily active users (mDAUs): 206 million vs. 206.2 million as expected by analysts polled by StreetAccount."

What's next: In addition to beating Wall Street expectations, the company provided strong revenue growth forecasts for future quarters due to new products around subscriptions and commerce.

  • Twitter unveiled a suite of new subscription products last quarter, with the hopes of doubling revenue by 2023.

Go deeper:

Go deeper

Ben Geman, author of Generate
Oct 20, 2021 - Economy & Business

Telsa on track for strong Q3 earnings report following record deliveries

Expand chart
Data: FactSet and company release; Chart: Will Chase/Axios

Tesla is likely on track for another strong earnings report after logging record deliveries as the company appears to be weathering the storm of the global chip shortage.

What's next: The electric automaker will report third-quarter earnings this evening after markets close.

Oct 20, 2021 - Health

Global device sales stay steady amid Delta variant

Photo: Sven Hoppe/picture alliance via Getty Images

The Delta variant and hospital labor shortages didn't crush sales of medical devices, earnings reports from Johnson & Johnson and Intuitive Surgical show.

Why it matters: The resurgent coronavirus forced some hospitals and patients to delay care, like spine and knee procedures. But deferred care across the world was nothing like it was at this time last year.

Bryan Walsh, author of Future
2 hours ago - Politics & Policy

Axios AM Deep Dive: America’s murder surge

Photo illustration: Sarah Grillo/Axios. Photo: Erik McGregor/LightRocket via Getty Images

Homicides rose at the fastest rate in at least six decades last year. This Axios AM Deep Dive, led by Future correspondent Bryan Walsh, looks at the state of gun crime.