Twitter's first quarter revenues hit $250 million, beating analysts' expectations by more than $8.5 million. Advertising accounted for 90 percent of the revenue ($226 million), a line item jump of 125 percent year-over-year for the quarter. And 80 percent of its that number came from mobile advertising.
Despite all those positives, its sluggish user growth may end up attracting the most attention, as it is a lingering concern among Wall Street investors and tech observers.
In its second earnings statement as a public company, Twitter reported 255 million monthly active users, up from 241 million from the last quarter but falling short of analysts' projections of 257 million.
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