Twitter reports second straight quarter of strong user growth

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.

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.