The good news in Twitter's third-quarter earnings report is that its average monetizable daily active user base grew to 145 million from 124 million for the same quarter a year ago. The bad news is that it wasn't able to monetize them as well, with the average revenue per user falling to $5.68 from $6.11 a year earlier.
Twitter attributed the results to "a number of headwinds including revenue product issues and greater-than-expected advertising seasonality in July and August."
"We also discovered that certain personalization and data settings were not operating as expected," it further disclosed, adding: "We believe that, in aggregate, these issues reduced year-over-year revenue growth by 3 or more points in [the third quarter]."