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Twitter Revenue Beats Forecasts, but User Numbers Fall Short

The company said it had 288 million regular users in the last quarter, fewer than analysts’ expectations of about 291 million.

Twitter just can’t seem to catch a break.

Critics have panned the company’s slowing user growth. It has churned through the hiring and firing of top managers. Recently, investors have started to wonder if Dick Costolo, Twitter’s chief executive, is the right man for the job.

Twitter's headquarters in San Francisco. The company’s slowing user growth has some investors concerned. (Justin Sullivan/Getty Images)

It has promoted Kevin Weil, a well-regarded manager in Twitter’s revenue division, to oversee all of the company’s consumer and revenue products. The company has released a new feature that allows users to take video inside the Twitter app, one that will most likely be a long-term source of lucrative advertising revenue.

And on Thursday, Twitter announced a new partnership with Google that will make the hundreds of millions of tweets that flow through the service every day much easier to find using the world’s most popular search engine.

Source: The New York Times (1551 Articles)
Written by Mike Isaac