Twitter's share price has fallen by more than 10% after the company reported lower-than-expected profits, as well as worsened outlook for the current quarter sales.
During the first quarter the company has added 5 million users, but it was not enough. During the first three months of 2016 the company's revenues amounted to $ 595 million, while investors had expected $ 608 million.
Since the beginning of this year, Twitter shares fell more than 25% due to ongoing concerns about the growing number of users.
The company's management has reported slowing sales growth over the past year and downgraded earnings for the second quarter is more than $ 67 million.
1st quarter 2015: $ 436 million
Q4 2015: $ 710 million
Q1 2016: $ 595 million
1st quarter 2015 - $ 162 million
4th quarter 2015 - $ 90 million in
the 1st quarter 2016 - $ 80 million
Twitter The company lost less money than during the last quarter, despite an increase in overall costs in several areas. In the first quarter, the company increased its marketing expenses by $ 53 million.
Number of active users
1st quarter 2015: 302 million
4th quarter 2015: 305 million
1st quarter 2016: 310 million
The only good news in its quarterly report Twitter - increase in the number of active users on 5 million.