Disappoints the quarterly Twitter. Despite strong revenue growth, the American company is holding back user growth and remains in the red. Third-quarter losses totaled $175,5 million, or 29 cents a share, from $64,6 million in the same period last year.
A figure in line with analysts' expectations. Revenues also rose by 114% to 361,3 million, but the growth of users slowed down: the monthly active ones were 284 million, in line with the consensus but only 4,8% more than in the second quarter. This fact disappoints market expectations and caused the stock to fall on the New York Stock Exchange.
“We had a solid quarter. I am confident in our ability to create the largest audience in the world – said CEO Dick Costolo – by reducing barriers to consumption and creating new apps and services». For the fourth quarter of the year Twitter estimates revenues between 440 and 450 million dollars, while for the full year it has revised upwards its forecast: revenues will be between 1,365 and 1,375 billion dollars, up from to the $1,31-1,33 billion that had been previously estimated.
