Martin Beck says, “Twitter continued its Wall Street-beating financial performance today, announcing $361 million in third-quarter revenue, but the company continues to be dogged by slow user growth and the stock slipped in early after-hours trading.

Twitter added 13 million monthly active users, pushing its total to 284 million, but analysts had hoped for more from a network that is perceived to be struggling to ramp up its growth. The company added 16 million users in the second quarter, a figure helped by the popularity of the FIFA World Cup. Without that giant real-time event draw, Twitter’s user growth dropped from 6.2% to 4.7%. The stock, which closed at $48.56, was down more than 8% in after-hours trading”.

Twitter Shows Strong Q3 Revenue But User Growth Slows

Marketing Land

Sharing is caring