Twitter shares soar on strongest user growth for more than a year


27 April, 2017

The company said daily active usage increased 14% year-over-year, the fourth consecutive quarter of accelerating growth, but didn't disclose actual figures for its average daily user base. But Twitter showed signs of new life in the first quarter, reporting that average monthly active users rose six per cent from a year ago to 328 million.

Net loss was $61.6 million, or 9 cents per share, compared with a loss of $79.7 million, or 12 cents per share, a year earlier.

Twitter shares were up more than 11% in pre-market trading Wednesday over the previous closing price of $14.66.

Monthly users were on the up, climbing six per cent on the same quarter past year and almost three per cent on the previous quarter to 328m. More users, of course, mean more advertising revenue for the companies, since businesses try to reach as many eyeballs as possible.

The company said monthly users - a key statistic for social media companies - grew by 6pc in the first quarter of the year, the fastest for two years.

According to the struggling company, it gained 9 million users in the first quarter of 2017, growing by 3% from 319 million users to 328 million. Twitter says it has signed more than 200 content partners to date.

Why the Browns Should Draft Mitch Trubisky Instead of Myles Garrett
That's the PFT Live question of the day on the first day of draft week. Sapp added that on game tapes Garrett "disappears" for stretches.

Number nabbed by RCMP at border rises
On April 14, nine people were caught between the North Portal and Northgate entry points trying to cross the border into Canada. The arrest was part of an investigation launched in December 2016, said Jason Evert of the Canadian Border Services Agency.

Tennessee teacher suspected in kidnapping arrested in northern California; teen found safe
Their vehicle did not have license plates and he noticed that the young woman would not get out of the auto when the man got out. The two were reported missing on March 13 from Culleoka, a Tennessee community about 60 miles south of Nashville.

Twitter reported first-quarter revenue of $548.3 million (down 8% annually) and adjusted EPS of $0.11 (down $0.04 annually), easily topping consensus analyst estimates of $511.9 million and $0.01. The company also introduced an update that makes it easier for users to follow conversations and replies in late March.

User growth "could be your first indicator that revenue could recover some day", said Mark Mahaney, an analyst at RBC Capital Markets.

"I think that Trump drives a lot of awareness about Twitter among people who otherwise wouldn't be paying attention", said Michael Pachter, managing director at Wedbush Securities.

Twitter announced its quarterly earnings today, showing better-than-expected yet still declining earnings and revenue.

Twitter is also doing a better job as rolling out new products, and meeting the needs of average users, said Dorsey. Analysts had been looking for earnings of 2 cents per share and $517 million in revenue.

More news

  • US FCC chairman to propose reversing 'net neutrality' rules

    US FCC chairman to propose reversing 'net neutrality' rules

    Blumenthal said jobs and economic progress - not just consumer convenience - is at stake if the FCC rules are changed. His full proposal is expected to be published online Thursday and be voted on by the FCC on May 18.
    Ontario police arrest 100 men in child prostitution case

    Ontario police arrest 100 men in child prostitution case

    Officers also posed as children between the ages of 13 and 16, and conversed with some these men. Truong said the most hard part of the investigation was gaining the trust of the victims.

    Oil up on potential output cut extension

    OPEC is scheduled to meet on May 25 to discuss whether to extend output cuts of 1.2 million barrels per day for another six months.
  • Bipartisan Senate vote confirms Sonny Perdue as ag secretary

    Bipartisan Senate vote confirms Sonny Perdue as ag secretary

    Perdue eventually said he would step down from several companies bearing his name to avoid conflicts of interest. The son of a farmer from Bonaire, Georgia, he will be the first Southerner in the post in more than two decades.

    Swansea improve survival hopes with Premier League win over Stoke

    Marko Arnautovic blazed a second-half penalty over as a below-par Stoke side failed to drag themselves back into the game. It is a terrific result for them. "We must concentrate on our jobs". "I thought we needed three wins and a draw".

    Crude oil eases for 2nd day on rising US inventories

    Refinery utilization rates rose by 0.2 percentage points.USA crude imports fell last week by 86,000 barrels per day. However, oil prices managed to continue trading above $55.
  • Sharks C Thornton undergoes ACL surgery before free agency

    Talbot said they experienced everything in that series. "It's a series ... we lose and you don't know how you lost at times". Defenceman Oscar Klefbom didn't play the third period due to illness, though he did remain on the bench.
    Motorola Moto G4 Play to see Android 7.0 Nougat upgrade in June

    Motorola Moto G4 Play to see Android 7.0 Nougat upgrade in June

    Also, this device will be powered packed with a 625 chipset of snapdragon processor with 3GB of RAM and 32GB of inbuilt storage. Unfortunately, no specs were provided with this leak, so it's impossible to guess what internal changes Motorola has made.
    Wainwright Pitches and Hits Cardinals past the Brewers, 6-3

    Wainwright Pitches and Hits Cardinals past the Brewers, 6-3

    The Brewers recalled LHP Brent Suter from Triple-A Colorado Springs Thursday to provide some additional coverage in the bullpen. He gave up 9 hits and 6 runs in 4 innings, failing to strike out a batter for the first time in 20 starts dating to May 2016.
  • New England Patriots unlikely to trade CB Malcolm Butler

    If Peterson can help the Saints chew up clock late in games, more power to him and the Saints organization. He has 11,747 career rushing yards with 97 touchdowns in 10 seasons - 16th on the NFL's all-time list.
    Delhi: 1 killed after Class XII student runs over car

    Delhi: 1 killed after Class XII student runs over car

    Police said they were driving beyond 100 km/hr when the accident took place, though the boy claimed he was driving at 70 km/hr. A total of two persons were killed and three injured after a auto ran over them near Delhi's Kashmiri Gate.

    West Ham not ruling out move for Terry

    Centre-half Winston Reid is training after missing four games through injury and looks like returning. Romeu Lukaku has scored in each of his nine previous appearances against West Ham for Everton .