Twitter has just reported on its Q1 2014 financial earnings and the numbers have beaten Wall Street estimations almost across the board, except, it appears, where it really mattered: that all-important monthly active users (MAU) number.
Twitter’s revenues for the quarter were $250 million versus analyst expectations of $241.47 million. Meanwhile, it’s earnings per share (EPS) number came in at a flat zero, which beat the negative $0.03 forecast.
So, what about those monthly actives? They’re now at 255 million, up a comforting 14 million since Q4 2013, when the platform posted a quarter-on-quarter MAU gain of just nine million. It’s a net gain of 25 percent year-on-year.
Mobile MAUs reached 198 million in Q1 2014 – a jump of 31 percent year-on-year, account for 78 percent of all MAUs.
Timeline views reached 157 billion.
“We had a very strong first quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth,” said Dick Costolo, CEO of Twitter. “We also continue to rapidly increase our reach and scale. With the integration of MoPub, we now reach more than 1 billion iOS and Android users each month, making us one of the largest in-app mobile ad exchanges in the world and the only one at scale to offer native in-app advertising.”
However, while the financials are better than forecast for Twitter, the MAUs are slightly less than some analyst expectations, and the stock is down in after-hours trade. So, all-in-all, this is almost an exact repeat of what happened after their Q4 release.
- Twitter 'Happy' for Users Not to Tweet
- Snapchat $10 Billion Valuation 'Not Absurd', Says Twitter CEO
- Feds Spend $1 Million on 'Truthy', the Database That Tracks Misinformation on Twitter
- Twitter Ads Launch in 12 New Markets, Including Austria, Czech Republic, Switzerland and Ukraine