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With over 300 million users, Twitter is still bleeding money

Twitter posts $162 million loss for Q1 2015, with their 300 million users not helping profits at all.

@anthony256
Published Wed, Apr 29 2015 3:35 AM CDT   |   Updated Mon, Oct 19 2020 8:16 PM CDT

Twitter might have over 300 million users, but even with this huge chunk of users, the social network is still not making any money. Twitter has just posted its Q1 2015 earnings, where we have found out Twitter has 302 million users, up 18% from the same period of 2014.

With over 300 million users, Twitter is still bleeding money | TweakTown.com

The social network reported $436 million of revenue for Q1 2015, up 74% year-over-year, but missed the forecast of $440 million. Profits are not good at all, with Twitter reporting a net loss of $162 million for the three-month period.

Considering Facebook has 1.44 billion monthly active users, Twitter has some serious catching up to do.

NEWS SOURCE:engadget.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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