iWorld
Twitter’s monetisable daily active users grow 20% to 199 mn
KOLKATA: Microblogging site Twitter reported $1.04 billion revenue for the first quarter of 2021, up 28 per cent year-on-year. It also posted a profit of $68 million, turning back its business from $8.4 million in losses a year ago.
Advertising revenue totaled $899 million, an increase of 32 per cent and total ad engagements increased 11 per cent year-over-year.
“Q1 was a solid start to 2021, with total revenue of $1.04 billion up 28 per cent year-over-year, reflecting accelerating year-over-year growth in MAP (mobile application promotion) revenue and brand advertising that improved throughout the quarter,” Twitter CFO Ned Segal said.
Despite its so-called “solid” performance, Twitter’s stock price dropped nine per cent after reporting Q1 earnings that only narrowly exceeded Wall Street estimates. Analysts had forecast the company would add eight million users during the quarter to surpass 200 million global users overall, as opposed to the one million daily users reported by the social platform.
“Advertisers continue to benefit from updated ad formats, improved measurement, and new brand safety controls, contributing to 32 per cent year-over-year growth in ad revenue in Q1,” he added.
The social media network’s monetisable daily active users (mDAU) grew about 20 per cent to 199 million, falling slightly below the analysts’ expectation of 200 million. Average US mDAU were 38 million for Q1, compared to 33 million in the same period of the previous year, and also bettering the count of 37 million in the previous quarter. On the other hand, international mDAU were 162 million for Q1, compared to 133 million in the same period of the previous year and against 155 million in the previous quarter.
The company has guided total revenue to be between $980 million and $1.08 billion for Q2.
“People turn to Twitter to see and talk about what’s happening, and we are helping them find their interests more quickly while making it easier to follow and participate in conversations,” Twitter CEO Jack Dorsey said.
“Average monetisable DAU reached 199 million, up 20 per cent year over year and up seven million sequentially, driven by ongoing product improvements and global conversation around current events,” he noted.
This quarter also marked Twitter’s first period mostly without the presence of former US president Donald Trump after he was banned from the service following the 6 January insurrection at the US Capitol in Washington DC. Speculations are rife in the industry corridors that Trump plans on starting his own social media site to go head to head with the likes of Twitter and Facebook.
iWorld
JioHotstar to launch micro dramas during IPL
Streaming giant plans free, ad-supported bite-sized stories during IPL to engage mobile-first audiences
JioHotstar is gearing up to launch a wave of micro dramas, eyeing India’s fast-growing appetite for bite-sized storytelling and new revenue opportunities. According to sources close to the matter, the streaming platform is expected to go live with the content during the Indian Premier League, which runs from 28 March to 31 May.
The move comes as the micro-drama market in India surges, with Redseer Strategy Consultants projecting the overall interactive media segment could reach $3.1–3.4 billion by FY2030, with micro dramas leading the growth. The format has already proven commercially viable abroad — China’s micro-drama sector generated $360 million in 2023, up 267 per cent year-on-year.
Micro dramas are designed for rapid consumption on mobile devices. Episodes typically run 60–90 seconds, shot in vertical 9:16 format, and rely on fast-paced plots and cliffhangers to keep viewers glued. Stories tend to revolve around high-stakes drama, from romance and revenge to corporate intrigue, blending social-media immediacy with professional production values.
Sources said the IPL provides the perfect launchpad, with millions tuning in to the platform for live cricket, creating a ready audience for short-form narrative experiments. The content will initially be free and accessible to all.
JioHotstar, which already boasts over 300 million subscribers, plans to roll out more than 100 micro dramas across multiple genres and languages, including Hindi and South Indian languages. The move is expected to strengthen its regional content strategy and appeal to mobile-first viewers, particularly in metro and Tier-1 cities where the format is currently most popular.
“The timing is perfect,” said a source close to the project, requesting anonymity. “With micro dramas on the rise, this is a chance for JioHotstar to experiment with new formats and engage audiences in a way traditional series cannot.”
The platform is not the first in India to test the format. ALTBalaji, StoryTV and Zee Bullet have all dabbled in short episodic storytelling. But JioHotstar’s scale — and its ability to pair content with one of the country’s biggest sporting events — could make it a defining moment for micro dramas in India.
With mobile consumption and vernacular content on the rise, the gamble seems clear: capture attention fast, keep it longer, and turn bite-sized narratives into a robust revenue engine.
Note: The cover image used is AI-generated.
