Business Technology

Wednesday 24 September 2014

Twitter reports 255m monthly users disappointing markets

Published 29/04/2014 | 21:38

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The Twitter logo is displayed on the floor of the New York Stock Exchange. Reuters
The Twitter logo is displayed on the floor of the New York Stock Exchange. Reuters

TWITTER today reported 255 million monthly active users, up 5.8pc from the previous quarter but not enough to satisfy investors increasingly concerned about its struggle to gain a mass following.

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Its shares fell 10pc extended trading.

The San Francisco-based company also said viewers refreshed their "timelines" - Twitter's equivalent of Web pageviews - 157 billion times in the first quarter, slightly below what some analysts had hoped for.

The company, however, posted better-than-expected quarterly revenue of $250 million, as its mobile ads drew more viewer responses.

Twitter Chief Executive Dick Costolo pledged in February to revive user growth after disclosing it had fallen to its lowest rate in years.

Its shares have been trading 40 percent below their peak as investors wait to see whether the service could broaden its appeal.

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