Tuesday July 26, 2016

Twitter's Growth Remains Flat As Its Profit Continues To Dip

Twitter posted another loss. Make fun of Twitter all you want for having never turned a profit but, you have to admit, at least the company is consistent when it comes to posting massive losses. big grin

Twitter's Q2 2016 earnings report tells a story we've heard many times before: namely, flat growth and a net loss in terms of profit. For the quarter ending June 30th, Twitter saw revenue of $602 million but a net loss of $107 million. The service boasted 313 million monthly active users, up 3 percent over the previous year. Last quarter, Twitter reported 310 million monthly active users.

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