Company posts revenues of $502.4m, compared with $312m from a year earlier, but growth remains an issue after Twitter’s CEO was forced out in June
Twitter beat expectations – including its own predictions – by a healthy margin on Tuesday, announcing better than anticipated earnings even as two more high-profile executives left the company amid a continuing shakeup.
The company posted revenues of $502.4m for the period ending 30 June, compared with $312.2m one year earlier and a net loss of $137m. Stagnating growth, however, remains a problem, as does the vacancy in the chief executive’s office. Average monthly users were up 15% year-over-year, to 316 million, but up only 8 million from 308m the quarter before.