Twitter reports second straight quarter of strong user growth

Twitter reports user growth for the second straight quarter, but still posts a loss.

@ShaneMcGlaun
Published Wed, Jul 30 2014 6:02 AM CDT   |   Updated Tue, Nov 3 2020 12:15 PM CST

Twitter reported its Q2 earnings this week and quieted some of the naysayers by posting user growth for the second quarter in a row. The growth rate is helping the company get over concerns from its previous quarter that it had peaked for popularity. Twitter saw its shares surge in after hours trading to $49.62 each.

Twitter reports second straight quarter of strong user growth | TweakTown.com

That $49.62 share price was higher than the first-day closing price for the stock of $44.90. Twitter announced that it had added 16 million new users during the quarter. Those millions of new users represent 6.3% more people around the world who logged in at least once a month.

Twitter reported revenue of $312.2 million, which is more than twice its previous revenue. Even with more than double the revenue, Twitter remains unprofitable with a $144.6 million loss for the quarter.

NEWS SOURCE:online.wsj.com

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles