Twitter Inc (TWTR) surpasses 255 million users for the quarter
Twitter Inc (NYSE:TWTR) has hit 250 million monthly active users. The company also beat earnings and revenue estimates. 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. Twitter reported having 255 million monthly active users during the quarter, which is up from 241 million in the December quarter and 204 million in the same quarter a year earlier.
Investors were watching Twitter’s user base closely. In February, Twitter revealed that it had added only 9 million active users in the fourth quarter, a growth rate of only 3.8%. In December, Twitter’s stock hit a high of $74 per share, but it dropped to the low $40 range after a disappointing earnings report and concerns of a stock lockup expiration.
Twitter added more users in aggregate than during the previous quarter, but its user growth rate continues to decline year-over-year. Twitter’s user base grew by 25% last quarter compared to the same quarter a year earlier. This is down from a 30% year-over-year increase in the fourth quarter and a 39% year-over-year increase in the third quarter.
Twitter reported that timeline views, the company’s preferred engagement metric increased by 15% year-over-year in the first quarter. The timeline views for the fourth quarter of 2013 increased by 26% year-over-year.