Twitter Beats Expectations In Q1 2014, Active Users Top 250 Million


Twitter Earnings

Twitter published its earnings report for the first quarter of 2014, and the social network saw revenue of $250 million. $226 million was directly from advertising, a 125 percent increase year-over-year.

While user growth didn’t impress Wall Street with stock down over nine percent in after hours, Twitter beat analyst expectations of $241 million and a three cent loss per share.

Monthly active users are up to 255 million, a 25 percent increase year-over-year, and mobile monthly active users saw a 31 percent increase year-over-year to 198 million.

Calling Twitter a mobile company would be an understatement with around 80 percent of its advertising revenue now coming directly from mobile devices.

Timeline views also grew in the first quarter to 157 billion, an increase of 15 percent year-over-year.

Here’s what Twitter CEO Dick Costolo had to say:

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The social network is still fighting slow active user growth, a thorn in investor’s sides, however, it continues to test new ways of fixing that problem.

Earlier this month, Twitter executives showed they firmly believe in the company’s future by announcing they weren’t planning on selling shares.


Mike Stenger

Lover of technology, Mike often makes jokes that nobody laughs at.

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