In its first-quarter earnings announced recently, the company recorded revenue of $548 million—down 8 percent over the same period last year, but still better than the $511 million which was predicted by analysts.
There was a surprising momentum that Twitter attributed to new features and increased user interest in political news this was followed by several quarters of stalled user growth that raised questions about Chief Executive Jack Dorsey’s leadership and speculations that platform is up for sale.
The platform’s recently established live video streaming service also reported 31 percent more interaction this quarter, with 45 million unique views across more than 800 hours of live video.
Meanwhile, Twitter’s daily active users are also up 14 percent over the same quarter last year, which means that its DAU growth is outpacing its total growth. “We’re proud to report accelerating growth in daily active usage for the fourth consecutive quarter, up 14 percent year-over-year,” Dorsey said.
“We’re delivering on our goal to build a service that people love to use, every day, and we’re encouraged by the audience growth momentum we saw in the first quarter,” he added.
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Madhurima Goyal, From ITvoir News Desk