Tuesday, April 23, 2019

Twitter User Stats Send Mixed Message, But Stock Surges 12% On Revenue Growth | hypebot

Twitter_logo_blueA look at the last monthly user stats that Twitter will ever share shows a social media channel struggling to grow. Twitter did add monthly users for the first time in a year - 330 million monthly users vs. 321 million in the previous quarter. But that's still lower than the 336 million in this same quarter last year.

Twitter has announced that they would no longer share monthly users stats.

The company's new  preferred metric - monetizable daily active users - were 134 million in the quarter, up 11% over last year.

Revenue growth was strong at $787 million, up 18% over last year, with net income of $191 million and $0.25 earnings per share. That was enough to send the stock soaring, up 12.22%  just after the opening bell.


[from http://bit.ly/1n4oGj7]

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