Showing new signs of life, Twitter on Wednesday reported strong user growth during the first quarter of 2017. During the period, the social giant said it added about 9 million new users -- making it the biggest quarterly bump in years.
“We’re really proud to report accelerating growth and daily active usage … up 14%, year-over-year,” Twitter CEO Jack Dorsey told investors on a Wednesday earnings call.
Year-over-year, average monthly active users jumped 6% from 319 million to 328 million, during the first quarter. Among other factors, Dorsey attributed the rebound to better policing of trolls, bullies and other bad actors.
“We are seeing a significant decrease in the number of people experiencing abuse on Twitter,” Dorsey said.
Twitter is also doing a better job as rolling out new products, and meeting the needs of average users, said Dorsey.
That said, “While we continue to face revenue headwinds, we made progress refocusing our revenue products on our strengths, and began talking with advertisers about the return on investment gains from our daily active usage growth and better pricing,” Dorsey told investors on Wednesday.
For the first quarter, Twitter reported revenue of $548 million -- down 8% year-over-year. Still, analysts were pleasantly surprised by Twitter’s user growth, on Wednesday.
“Current quarter results were better than expected, with generally positive user trends,” Pivotal Research Group analyst Brian Wieser said in a note to investors. “User growth trends looked favorable as well, with MAUs up sequentially and accelerating year-over-year both domestically and internationally.”
Now they need someone besides me to buy stuff. More here...