Please enable JavaScript to experience the full functionality of GMX.

Twitter user growth lower than expected

Twitter user growth was lower than expected for the first quarter.

The social network - who has worked hard to battle misinformation and online abuse - revealed its daily user count who can see ads has grown to 199 million, which is up by 20% compared to the same time period in 2020.

The site also saw its daily users increase by 7 million from the four quarter last year, although the user numbers were lower than expected by analysts surveyed by Thomson Reuters, who had predicted 206.46 million.

Despite this, Twitter's earnings and revenue was slightly above expectations, with the latter coming in at $1.04 billion for the first quarter, rather than $1.02 billion.

The firm also pulled in 16 cents per share, which surpassed Wall Street's expectations of 14 cents.

The company's CFO Ned Segal has opened up on the reasons for this slow start, and he pointed to the impact of the Capitol Hill riots in January, and the pandemic.

He explained: "[Advertisers] often pause when there's a more important conversation than the conversation around their product."

Sponsored Content