Biz-novosti

Twitter is gaining more users, losing less money


Twitter Inc reported its strongest growth in monthly active users in more than a year and a much better-than-expected quarterly profit, despite stiff competition from Facebook and Snapchat, sending its shares up 11 percent.

Expectations were low going into Twitter's first-quarter earnings report, with analysts predicting the company's first year-over-year revenue decline and slow user growth.

In its latest quarterly report, Twitter said that it generated nearly $548 million in revenue, managing to earn 11 cents to a share.

Twitter showed a healthy spurt of user activity in the first quarter - netting 9 million monthly users, its biggest gain in two years - and topped analyst expectations on revenue and earnings.

Twitter shares rose as much as 11 percent to $16.27 in the early trading.

Twitter continues to focus on live video - it streamed 800 hours of live content to 45 million unique viewers last quarter - but those ambitions took a hit last month when it lost out to Amazon for the rights to stream Thursday Night Football NFL games.

One killed as Class XII student celebrates last exam
They told police that they stay up the whole night studying for the exams, and often go out in the morning. The auto was being driven by a teenager who had lost control of the vehicle and climbed on the footpath.

Twitter has worked to turn itself around through a mix of live streaming offerings, surfacing more relevant tweets for users and working to combat harassment and abuse on its platform. For example, Twitter's revenues fell on a year-over-year basis for the first time, dropping by 8% to $548 million.

Twitter Chief operating officer, Anthony Noto, said that there is a remarkable growth due to the Trump phenomenon in Twitter.

The company accelerated its monthly active users to 328 million, 7 million more than expected and 9 million more than the prior quarter.

The first quarter results came in better than most forecasts, delivering an early pre-market lift for shares in Twitter, which has struggled to keep pace in the fast-moving world of social media. Analysts were lukewarm on Twitter's prospects heading into the quarterly results, underlining significant revenue headwinds.

Twitter said it expects overall revenue growth to "meaningfully lag" audience growth throughout 2017. In March, Twitter said it would use algorithms to weed out abusive accounts, and allow users to mute keywords, phrases or full conversations for as long as they want.

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