Twitter Beats In Q1 With $250M In Revenue And Picks Up 14M New Monthly Active Users

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Twitter Beats In Q1 With $250M In Revenue And Picks Up 14M New Monthly Active Users

by Wochit 0:49 mins

Twitter Beats In Q1 With $250M In Revenue And Picks Up 14M New Monthly Active Users

by Wochit 0:49 mins

This afternoon Twitter released its first quarter financial performance, reporting revenue of $250 million in the period, and earnings per share of $0.00 on a non-GAAP basis. The street had expected Twitter to report revenue of $241.5 million, and a three cent per-share loss. In the sequentially preceding quarter , Twitter reported a non-GAAP profit of $0.02 per share, and revenue of$242.7 million. Twitter’s stock rose strongly in regular trading, up nearly 6%. Twitter reported that it had 255 million monthly active users.

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