Twitter Q1 2016 Revenue Falls Short of Analysts’ Projections

Twitter reported revenue of $595 million in the first quarter of 2016, up 36 percent compared with the year-earlier period, but below analysts’ expectations.

Twitter reported revenue of $595 million in the first quarter of 2016, up 36 percent compared with the year-earlier period, but below analysts’ expectations.

Ad revenue of $531 million was up 37 percent year-over-year, and mobile accounted for 88 percent of total ad revenue.

Twitter reported a GAAP (generally accepted accounting principles) net loss of $80 million, or 12 cents per share, less than one-half the company’s net loss in the first quarter of 2015.

The company reported 310 million monthly active users at the end of the first quarter of 2016, up from 305 million MAUs at the end of the fourth quarter of 2015.

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