Twitter revenue rises 14%, but user growth failed to impress

Twitter reported Thursday a net income of $29 million in the third quarter, or 4 cents per diluted share, a decline from the same period last year. The company also reported a revenue of $936 million, beating the analysts' expected revenue of $777 million.

The return of live events and previously postponed product launches helped drive the increased advertising spending, Twitter CFO Ned Segal said in a statement in the company's earnings release.

The monetizable daily active users (mDAUs) was 187 million, bellow the 195 million expected.

Twitter discussed in its letter to shareholders its efforts to combat misinformation and provide context to users, especially with the uncertainty that could surround election results in the US as mail-in ballots are expected to potentially prolong the outcome.