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04-30-2014, 12:15 AM
Twitter Tops 250 Million Users, Beats Q1 Revenue Estimates
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Twitter beat earnings and revenue estimates for the first quarter, and topped 250 million monthly active users
Twitter reported breaking even on an earnings per share basis on revenue of $250 million for the March quarter, compared to Wall Street estimates for a net loss of $0.03 per share on revenue of $241.5 million.
See also: Twitter: What to Expect in 2014 (http://mashable.com/2013/12/25/twitter-predictions-2014/?utm_medium=feed&utm_source=rss)
The company reported having 255 million monthly active users during the quarter, up from 241 million in the December quarter and 204 million in the same quarter a year earlier
All eyes were on Twitter's user numbers leading up to the report. In February, Twitter revealed that it had added just 9 million active users in the fourth quarter (http://mashable.com/2014/02/05/twitter-q4-earnings/?utm_medium=feed&utm_source=rss), or a growth rate of only 3.8%. That raised concerns that Twitter might remain more of a niche service. Investors punished the stock, sending it down more than 20% overnight. Read more... (http://mashable.com/2014/04/29/twitter-q1-earnings-2014/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/nNPPB9M_mVk
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Twitter beat earnings and revenue estimates for the first quarter, and topped 250 million monthly active users
Twitter reported breaking even on an earnings per share basis on revenue of $250 million for the March quarter, compared to Wall Street estimates for a net loss of $0.03 per share on revenue of $241.5 million.
See also: Twitter: What to Expect in 2014 (http://mashable.com/2013/12/25/twitter-predictions-2014/?utm_medium=feed&utm_source=rss)
The company reported having 255 million monthly active users during the quarter, up from 241 million in the December quarter and 204 million in the same quarter a year earlier
All eyes were on Twitter's user numbers leading up to the report. In February, Twitter revealed that it had added just 9 million active users in the fourth quarter (http://mashable.com/2014/02/05/twitter-q4-earnings/?utm_medium=feed&utm_source=rss), or a growth rate of only 3.8%. That raised concerns that Twitter might remain more of a niche service. Investors punished the stock, sending it down more than 20% overnight. Read more... (http://mashable.com/2014/04/29/twitter-q1-earnings-2014/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Twitter (http://mashable.com/category/twitter/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Stocks (http://mashable.com/category/stocks/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/nNPPB9M_mVk