The struggle continues: Twitter added zero new users in Q2
- 7 years ago
Twitter reported a lower-than-expected number of monthly active users in its second-quarter earnings release Thursday.
The social media site currently has 328 million monthly active users, the same number as last quarter. Its revenue is still falling, coming down to $574 million as its advertising business continues to decline. In a letter to shareholders, Twitter said whatever "positive contributions" there were to user growth this quarter from making tweaks to the product were "offset... by lower seasonal benefits and other factors."
The report comes a day after rival Facebook reported earnings, which beat Wall Street's expectations across the board with $9.32 billion in revenue..
The social media site currently has 328 million monthly active users, the same number as last quarter. Its revenue is still falling, coming down to $574 million as its advertising business continues to decline. In a letter to shareholders, Twitter said whatever "positive contributions" there were to user growth this quarter from making tweaks to the product were "offset... by lower seasonal benefits and other factors."
The report comes a day after rival Facebook reported earnings, which beat Wall Street's expectations across the board with $9.32 billion in revenue..