Twitter Posts Strong Earnings Despite Inflated User Numbers, Vows to Fight Harassment

Henry Dombey | Vox Media

In the same release, Twitter CFO Ned Segal said the company expects to become profitable in the fourth quarter, with expected earnings before interest, tax, depreciation and amortization (EBITDA) to reach between $220 million and $240 million, against capital expenditures of $110 million or less and stock-based compensation expenses between $90 and $100 million. Twitter believes that the impact of Digits' userbase on their monthly active user counts in previous years was smaller, as Digit had fewer users at the time.

The Wall Street Journal reports that a Twitter spokeswoman reportedly admitted that the company had been including users of a service for third-party apps as monthly users when they should not have been counted.

Twitter stockholders earned 10 cents per share in the third quarter, double the expected amount.

Its monthly active user base rose slightly to 330 million, roughly in line with forecasts.

Back in July, the company was forced to admit that its user figures had stalled, with more than a million users quitting the site in just three months.

The company on Thursday said it added 4 million monthly users during the third quarter and grew daily users by 14%, a much-needed improvement from the zero new users added during the previous quarter.

These third-party applications used Digits, a software development kit of our now-divested Fabric platform, that allowed third-party.

It now says the issue was first there in the fourth quarter of 2016, and has made adjustments for it and the following quarters. The company could, at least, be pleased that its data licensing division saw revenue increase to $87 million, an year-on-year increase of 22 percent.

Twitter has also been criticised for not taking enough efforts to stop abuse and harassment on the platform.

Twitter Inc (NYSE:TWTR) early Thursday posted market-beating earnings results and noted that its daily active user growth continued to accelerate, sending its shares soaring in premarket trading.

On a call with investors, CEO Jack Dorsey reiterated that Twitter is intently focused on improving safety for users.

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