Twitter loses millions of users, but still makes record quarterly revenue
Twitter is making more money than ever before—even as it loses monthly active users.
On Thursday, the company announced its latest earnings report, and it was loaded with positive financial news. Twitter reported a record-setting revenue of $909 million in the fourth quarter, a 24-percent increase compared to this time last year. The company also announced it earned $3 billion in revenue last year, a 25 percent increase from 2017.
But even while bringing in record profits, the social media behemoth still faces a major problem: a decline in monthly users.
Twitter reported a total of 321 million monthly users at the end of last year, which means that the microblogging service lost a whopping 5 million users in the last quarter. Twitter’s monthly user base has dropped down the levels it hasn’t seen since the end of 2016. Monthly users have declined on Twitter every quarter since Q1 of last year. It wasn’t exactly growing exponentially before that time either. Read more...
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COntributer : Mashable http://bit.ly/2GAWjxV
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Friday, February 08, 2019
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