(Hypebot) UPDATE: The last monthly user stats that Twitter says it will ever share showed a social media channel struggling to grow. Twitter added monthly users for the first time in a year – 330 million monthly users vs. 321 million in the previous quarter. But that’s still lower than the 336 million in the same quarter last year.
Twitter Stock ↑15.7% Tues. On Strong Revenue Growth, Mixed Monthly User Stats
Twitter had announced that they would no longer share monthly users stats. The company’s new preferred metric – monetizable daily active users – were 134 million in the quarter, up 11% over last year.
Twitter’s 1st Quarter of 2019 Report showed revenue growth was strong at $787 million, up 18% over last year, with net income of $191 million and $0.25 earnings per share.
That was enough to send Twitter stock soaring, up 15.71% by the close of trading on Tuesday at $39.77 USD.
