Twitter's active user growth continued to improve this quarter


One of Twitter’s primary concerns is that the number of active users — those who use the network at least once a month — continues to grow at a healthy pace, and its latest quarterly earnings confirm that the social network has been eating its vegetables. After reporting a solid growth of 14 million active users last quarter, the service brought in 16 million this time around, reaching a grand total of 271 million. Not bad, given that it had to admit a slowing number of new users earlier this year in its first earnings report as an IPO. Of this number, Twitter acknowledged that 78 percent of them are actively using the service on mobile devices (this is reflected in the fact that 81 percent of advertising revenue comes from smartphones and tablets).

Twitter also impressed by reporting revenues of $312 million (up from $250 million last quarter and $139 million this quarter last year) and a non-GAAP net income totaling $15 million. While the company hasn’t discussed exactly what’s led to this spike in revenue and user base, it specifically brought up new product experiences based around the World Cup, much of which took place during this last quarter; it also continued its international expansion efforts for advertising.

[Image credit: Getty]

Filed under: , ,


Source: Twitter

Source: Engadget - Read the full article here

Author: Daily Tech Whip

This article is part of our 'News Tiles' service. The site is currently in Beta. When it is fully operational you will be able to search through and arrange the 'Tiles' to display a keyword, product or technology over your chosen time period. For example you would be able to display all of the leading tech articles on the new Kindle Fire, in one spot in real time. You will also have access to our own original reporting and analysis as well as a polished place to post your own thoughts & reviews here, amongst the Daily Tech Whip Community. Please let us know if you have any feedback via the contact form or via Twitter. Don't forget to come back next week and see our full site and claim your name and your own free tech blog.

Share This Post On