twitter posts strong user growth shares soar
Sunday 9 March 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Twitter posts strong user growth, shares soar

Arab Today, arab today

Arab Today, arab today Twitter posts strong user growth, shares soar

Twitter logo
New York - Arab Today

Shares of Twitter Inc. soared in premarket trade on Wednesday after the micro-blogging service reported better-than-expected user growth.
Despite stiff competition from Facebook Inc. and Snap Inc., Twitter’s monthly active users, one of the most closely watched metrics for analysts, increased by 6 percent, or 18 million, to 328 million in the first quarter from a year earlier.
Analysts on average had expected 321.3 million monthly active users, according to market research firm FactSet StreetAccount.
Twitter also said daily active users rose 14 percent in the first quarter from a year ago. Twitter does not disclose the number of total daily active users.
Twitter shares were up 11 percent at $16.25 in premarket trade on Tuesday.
“Twitter is becoming more relevant to consumers. They are making their products easier to use. And there is a global thirst for news and information that they are benefiting from,” said BTIG analyst Richard Greenfield.
“We believe usage will drive meaningful revenue and profit growth in the next few years.”
Twitter’s revenue, however, fell 7.8 percent to $548.3 million in the first quarter, its first drop since its initial public offering (IPO).
Net loss narrowed to $61.6 million, or 9 cents per share, in the first quarter ended March 31, from $79.7 million, or 12 cents per share, a year earlier.
Excluding items, the company earned 11 cents per share, beating the estimate of 1 cent per share.
Twitter’s user growth has stalled in the past few quarters and the company has been trying to convince advertisers that it will strengthen its user base.
As part of its efforts, the company has updated its product offerings including live video broadcasts from its app and launched new features to attract users.
Twitter’s weak performance has raised questions about Chief Executive Jack Dorsey’s leadership and whether or not the company would be bought by a bigger media firm. Financial markets speculated about a sale of Twitter last year, but no concrete bids were forthcoming.
Twitter’s advertising revenue fell 11 percent to $474 million in the quarter, above the average analyst estimate of $442.7 million, according to FactSet StreetAccount.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

twitter posts strong user growth shares soar twitter posts strong user growth shares soar

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

twitter posts strong user growth shares soar twitter posts strong user growth shares soar

 



GMT 18:19 2017 Wednesday ,27 December

Royal Air Maroc orders four Boeing Dreamliners

GMT 08:38 2017 Monday ,30 January

Trump's first major test is travel ban uproar

GMT 19:26 2014 Tuesday ,28 October

Bahrain Training Institute organises training course

GMT 13:12 2017 Saturday ,19 August

6 killed, 16 hurt in road mishap near Thatta

GMT 11:00 2017 Friday ,06 October

IMF advises Saudi not to rush reforms, price hikes

GMT 07:44 2017 Thursday ,09 November

China signs $37 billion deal to buy 300 Boeing planes

GMT 07:50 2012 Tuesday ,21 February

ADDC, Lulu Exchange sign deal

GMT 22:52 2017 Saturday ,25 March

Troubled EU renews vows on 60th anniversary

GMT 11:42 2017 Wednesday ,27 December

PM inaugurates Muhammad Ali Jinnah library at ICP

GMT 05:40 2015 Thursday ,19 February

Vincent Pastore to host comedy show

GMT 12:29 2011 Wednesday ,09 November

Russian probe misses Mars route

GMT 04:25 2017 Thursday ,21 December

Serena sorts out baby teething issues, hints at return

GMT 06:42 2017 Tuesday ,21 March

World’s biggest camel fest kicks off in Rumah
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday