Twitter overestimated user numbers by up to 2 million, for three years

28 October, 2017, 01:10 | Author: Devin Moran
  • Illustration by Alex Castro  The Verge

Naturally, Twitter was more inclined to emphasize the gains posted in its latest quarter, which included a 14 per cent year-over-year increase in daily active users and a quarterly net loss of $21 million (all figures USD), a significant improvement over the company's $103 million quarterly loss during the same period last year. Worryingly for the company, its USA advertising revenues fell 11% compared to the same period previous year, although this was more than offset by booming worldwide advertising advertising revenues, which grew by 6%.

Twitter stockholders earned 10 cents per share in the third quarter, double the expected amount.

On the financial side, Twitter saw its overall quarterly revenue fall to $590 million, with advertisers reducing their spending on the platform.

Its monthly active user base rose slightly to 330 million, roughly in line with forecasts.

Twitter said it could show its first-ever profit in the fourth quarter, after making sweeping cuts in expenses in the past few months and finding sources of revenue beyond the advertising that dominates social media. Now, the company claims that it has 330 million monthly active users, 69 million of which are based in the U.S., up from 68 million in the last quarter.


These results are a much-needed improvement over Twitter's dismal performance last quarter, when it didn't add any new users.

And Twitter said daily active users - a metric for which it has declined to offer details - rose 14 percent from a year ago.

Wall Street rejoiced at Twitter's performance-company stock was up almost 15 percent in morning trading.

These third-party applications used Digits, a software development kit of our now-divested Fabric platform, that allowed third-party. Despite seeing its revenue drop 4 percent year-over-year, Twitter slashed its losses and hinted at turning a profit by the end of 2017.

The earnings report also addressed Twitter's ongoing problems with harassment. "It's our job to help people stay informed about what's happening in the world and what people are talking about, and we're focused on making our service faster, easier to use, and more relevant to more people every day".

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