Twitter has surprised analysts in its latest quarterly update, posting better-than-expected figures for both user growth and revenue. However, the platform has also reported its first ever year-on-year decline in revenue growth for the first quarter of its earnings.
The social network has revealed that in the initial three months of the year it courted nine million new monthly active users bringing its total count to 328 million. Initial predictions had forecast the number would hit 321 million.
Between January and March of this year the company pulled in $548m in revenue, trumping analyst estimates that it would generate $511.9m. Read full story ›
Source: The Drum
Industry News