Twitter Shows Signs of Life With Renewed User Growth
- Monthly active users grew 4% year-over-year to 330 million
- Quarterly sales of $589.6 million topped analysts’ estimates
RBC's Mahaney Calls Twitter a 'Declining Asset'
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Twitter Inc. beat sales estimates and added more monthly users, indicating signs of life at the social network that has struggled to attract new consumers and advertisers. The shares surged.
Twitter has been battling the perception that it’s a niche media platform, despite its emergence as U.S. President Donald Trump’s favorite communications tool. The company reported that monthly active users gained 4 percent to 330 million in the third quarter, a positive sign for investors who view audience size as a measure of Twitter’s long-term health. Daily active users increased 14 percent, the fourth consecutive quarter of double-digit growth, the company said Thursday in a statement.