Twitter Reports Surprising Usage Growth, Now Has 330 Million Monthly Active Users

  • Twitter Reports Surprising Usage Growth, Now Has 330 Million Monthly Active Users

Twitter Reports Surprising Usage Growth, Now Has 330 Million Monthly Active Users

Twitter called out particular strength in the US, where ad revenue was $363 million for Q1, up 26%.

Twitter announced in a letter to shareholders last quarter that it would stop breaking out monthly active users after the first quarter of 2019, stating at the time that it believed mDAU and its related growth were the "best ways to measure [Twitter's] success".

But Twitter also forecast revenue for the second quarter largely below analyst estimates, and said that it would continue to spend heavily on cleaning up Twitter as well as new ad products. Twitter expects revenue to reach between $770m and $830m, compared with $819.5m estimated by analysts polled by Refinitiv. It has been removing thousands of spam and suspicious accounts.

"We are taking a more proactive approach to reducing abuse and its effects on Twitter", said Dorsey.

"We are reducing the burden on victims and, where possible, taking action before abuse is reported".

Total operating expense including cost of revenue, rose by 18 percent to $693 million from the first quarter a year ago. After adjusting for one-time gains and costs, earnings rose 10% to $66.4 million, or 9 cents per share.

But Twitter no longer will use that measure, switching instead to "monetizable" daily active users - 134 million in the past quarter, up from 120 million a year ago.

Dorsey added: "We're also continuing our work to make Twitter more conversational via the launch of our public prototype app (twttr), with the end goal of making conversation on Twitter feel faster, more fluid and more fun".

Twitter reported quarterly profit of $191m, or 25 cents a share, compared with $61m, or 8 cents per share, a year earlier.

Shortly after the numbers were released, Trump took to Twitter to lambaste the social media company's treatment of him, accusing it of playing "political games". U.S. President Donald Trump called on Congress to "get involved" regarding Twitter's "discriminatory" practices against Republicans. @MariaBartiromo So true, but they don't treat me well as a Republican. "Very discriminatory", he said, and called for "more, and fairer, companies", in an apparent reference to USA lawmakers' interest in regulating tech companies. "Big complaints from many people". Different names-over 100 M.

"Given the strength of the duopoly of Google and Facebook, Twitter can get overlooked by advertisers, but the consistent growth Twitter has shown over the past few quarters suggests advertisers should be giving them another look", said Jim Cridlin, global head of innovation at marketing firm Mindshare.

Analysts were encouraged by signs the company had found ways to sustainably grow users and revenue, but said the new way of measuring users could make comparisons with rivals like Facebook Inc more hard.