Twitter posts strongest growth in monthly users in a year

Microblogging site’s revenue falls 7.8% to $548.3 million, its first drop since its initial public offering.
The microblogging service – which is listed on the NYSE – reported a 6% leap in average monthly active users, to 328 million, in the first quarter of the year compared to a year ago.

Analysts on average had expected 321.3 million monthly active users, according to market research firm FactSet StreetAccount.

Twitter also said daily active users rose 14% in the first quarter from a year ago. Twitter does not disclose the number of total daily active users.

Twitter shares were up 11% at $16.25 in premarket trade on Tuesday.

Twitter’s user growth has stalled in the past few quarters and the company has been trying to convince advertisers that it will strengthen its user base.

As part of its efforts, the company has updated its product offerings including live video broadcasts from its app and launched new features to attract users.

Twitter’s user growth has stalled in the past few quarters and the company has been trying to convince advertisers that it will strengthen its user base.
As part of its efforts, the company has updated its product offerings including live video broadcasts from its app and launched new features to attract users.

Twitter’s weak performance has raised questions about CEO Jack Dorsey’s leadership and whether the company would be bought by a bigger media firm. Financial markets speculated about a sale of Twitter last year, but no concrete bids were forthcoming.

Twitter’s weak performance has raised questions about Chief Executive Jack Dorsey’s leadership and whether the company would be bought by a bigger media firm. Financial markets speculated about a sale of Twitter last year, but no concrete bids were forthcoming.

Excluding items, the company earned 11 cents per share, beating the estimate of 1 cent per share.

Twitter’s advertising revenue fell 11 percent to $474 million in the quarter, above the average analyst estimate of $442.7 million, according to market research firm FactSet StreetAccount.

Nirmal Kalthiya

I am the Founder of SoftMunch.com which will provide you all types of tech related information. Right now I am pursuing my Information Technology Engineering Degree. I like to know about new technologies and innovative things. If you also want to know about it please subscribe our daily newsletter.

One thought on “Twitter posts strongest growth in monthly users in a year

  • November 22, 2017 at 11:44 am
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