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Twitter has 255 million monthly users, but posts $132m net loss

Shares fall 11 percent on user growth slow down
Wed Apr 30 2014, 09:52
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MICROBLOGGING SERVICE Twitter has 255 million monthly users and 198 million mobile members now.

The firm revealed its user numbers in its latest financial results. It said that users and revenue are on the increase, along with advertising and opportunity.

However, the growth in user numbers is seeing a slow down. In its previous quarterly results, Twitter had 241 million monthly active users, with a growth of 14 million this quarter or just shy of six percent. This was below analyst expectations, leading to Twitter shares dropping by 11 percent overnight.

The first quarter results include revenue of $250m, an increase of 119 percent, and a net loss of $132m. Twitter claimed this made for a strong quarter.

"We had a very strong first quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth," said Twitter CEO Dick Costolo.

"We also continue to rapidly increase our reach and scale. With the integration of Mopub, we now reach more than one billion iOS and Android users each month, making us one of the largest in-app mobile ad exchanges in the world and the only one at scale to offer native in-app advertising."

The number of monthly users increased over the three-month period, and Twitter pointed to an increase of 25 percent compared to the previous year. Advertising revenue also increased, and grew by 125 percent year over year to $226m.

Revenue also came in from data licensing and that increased to $24m for a gain of 76 percent.

Earlier in April we learned that not much of the Twitter user base is active, and read that the social network is populated by ghost accounts.

Only 126 million users, or around 13 percent of Twitter users, had sent a tweet in the past 30 days, according to the figures. µ

 

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