Twitter’s third quarter earnings for 2014 are out and the all-important monthly active users (MAU) number is softer than expected, which has sent the stock lower at the time of writing.
Twitter reported 284 million MAUs for Q3 2014, up 13 million on Q2’s 271 million, which is a million down on the lower end of analyst expectations of 14 to 17 million new MAUs.
Revenues were higher than expected, with Twitter earning $361 million for the quarter. Earnings per share came in at $0.01 as anticipated.
Also of note:
- Average Mobile MAUs now represent around 80% of total MAUs
- Timeline views reached 181 billion for the third quarter of 2014, an increase of 14% year-over-year
- Advertising revenue per thousand timeline views reached $1.77 in the third quarter of 2014, an increase of 83% year-over-year
“We had another very strong financial quarter” said Dick Costolo, Twitter CEO. “I’m confident in our ability to build the largest daily audience in the world, over time, by strengthening the core, reducing barriers to consumption and building new apps and services.”
Twitter’s stock (TWTR) is currently down more than 8 percent in after-hours trading.