The social network is losing momentum after the publication, yesterday, of its quarterly results. The losses reach 175.5 million dollars over one year. Moreover, the growth, calculated by the number of users of the network, is slowing down.
After publication of these results, the shares of Twitter lost more than 10% on the stock exchange. For the fourth quarter, Twitter hopes to reach income between 440 million dollars and 450 million dollars for an annual turnover from 1,365 billions to 1,375 billions dollars.
“We have to continue to grow our monthly active users and make it increasingly a daily use case for them,” said Dick Costolo, Twitter’s chief executive, during a webcast with investors to discuss the financial results. “It’s more critical than ever to increase our overall pace of execution.”
- The turnover is fixed at 361.2 million dollars against 168.58 million dollars one year ago.
- The net loss reaches 175.46 million dollars against 64.6 million dollars one year ago.
- Users’ average monthly active views reach 284 million dollars (rising by 23% in one year)
- The advertising incomes reach 1.77 dollars for one thousand timelines sights.
All these numbers are bad news for Twitter, which arrived on the stock exchange one year ago.
Antoine Deiana, IEJ3E