Twitter's User Growth Slowed
Twitter?s third-quarter user growth slowed and its loss widened.
Active users on the social network rose 23 percent to 284 million, Twitter today. That compared with 24 percent growth in the prior period. Sales more than doubled to $361.3 million.
Twitter, which went public in November, has pushed further into mobile advertising and services for other application developers, moving away from relying on its main website to generate traffic and ads.
The company said its third-quarter net loss widened to $175.5 million, from $64.6 million, a year earlier.
Members viewed their Twitter timelines more often, with 181 billion views, up from 173 billion in the prior quarter, the company said. Mobile advertising was 85 percent of total ad revenue in the third quarter, Twitter said. International revenue more than doubled to $121 million, making up 34 percent of total sales.
For the fourth quarter, Twitter forecast revenue of $440 million to $450 million.
Twitter, which went public in November, has pushed further into mobile advertising and services for other application developers, moving away from relying on its main website to generate traffic and ads.
The company said its third-quarter net loss widened to $175.5 million, from $64.6 million, a year earlier.
Members viewed their Twitter timelines more often, with 181 billion views, up from 173 billion in the prior quarter, the company said. Mobile advertising was 85 percent of total ad revenue in the third quarter, Twitter said. International revenue more than doubled to $121 million, making up 34 percent of total sales.
For the fourth quarter, Twitter forecast revenue of $440 million to $450 million.
