Twitter Tops 250 Million Users, Beats Q1 Revenue Estimates
 

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


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, 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...

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