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Twitter Q1 revenue beat estimates, but monthly active users down

There was mixed news today for Twitter, the company reporting stronger-than-expected financials, but monthly active users down year-on-year. Twitter Q1 revenue hit $787M, beating both its own top-end guidance and Wall Street expectations …

TechCrunch reports the numbers.

The company said that revenues came in at $787 million, up 18 percent on a year ago; with net income of $191 million and earnings per share of $0.25 […]

Going into today, average analyst expectations were for Twitter to post about $775 million in sales ($742-$815 million range) on an EPS of $0.15 per share ($0.10-$0.20 range). Twitter itself last quarter said it expected Q1 revenues to be between just $715 million and $775 million, with operating income between $5 million and $35 million.

Twitter also reported that its own preferred metric was up both sequentially and year-on-year.

Monetizable daily active users — Twitter’s new and preferred metric for user numbers — were 28 million in the quarter, up 8 percent on the 26 million a year ago, and up 6 percent on last quarter’s 27 million.

However, its traditional metric, Monthly Active Users, fell 6M year-on-year to 330M.

One of the challenges for Twitter has been that taking stronger action against fake news has involved removing many more accounts run by bad actors, resulting in an apparent drop in users. The company has been working on a range of measures to address what can often be a hostile environment, most recently confirming work on a ‘hide replies’ feature to make unwanted responses less visible.

With this feature, a user will be able to hide certain responses to their original tweet. This means that if someone replies to your tweet with vulgar language or an insult, you can hide the reply so other users don’t see it as a response to your initial tweet.

While Instagram and Facebook give posters the ability to delete comments entirely, Twitter’s feature will simply hide them and make them more difficult to access. Users will be able to see hidden replies by choosing the “View Hidden Tweets” option.

Twitter hopes that the “Hide Replies” feature will encourage users to be more thoughtful about what they write, with the thinking being there’s no point in being hateful if the reply can just be hidden by the original poster. Some, however, are likely to view this as Twitter’s way of allowing users to silence opposing opinions or corrections to false information.

We’ve recently given our suggestions for the best Twitter apps for both iPhone and Mac.

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Avatar for Ben Lovejoy Ben Lovejoy

Ben Lovejoy is a British technology writer and EU Editor for 9to5Mac. He’s known for his op-eds and diary pieces, exploring his experience of Apple products over time, for a more rounded review. He also writes fiction, with two technothriller novels, a couple of SF shorts and a rom-com!

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