14 DAY TRIAL // Twitter is finally reporting some great news as the growth in daily active usage is accelerating for the fourth consecutive quarter, up 14% year-over-year.
"We're delivering on our goal to build a service that people love to use, every day, and we're encouraged by the audience growth momentum we saw in the first quarter. While we continue to face revenue headwinds, we believe that executing on our plan and growing our audience should result in positive revenue growth over the long term," said Jack Dorsey, Twitter CEO.
For comparison's sake, in the last quarter of 2016 Twitter saw a daily active usage growth of 11%, 7% in the third quarter, 5% in the second quarter and 3% in the first quarter. Therefore, the 14% they reported this time around is a great improvement.
In total, Twitter says it has 328 million monthly active users, which is a 6% year-over-year hike and 9 million more than they had in 2016's last quarter.
"We''re proud of our performance in Live after just 6 months - last quarter alone we streamed more than 800 hours of live premium video and reached 45 million unique viewers, an increase of 31% from the previous quarter," the company said regarding one of the newest additions to the platform.
Live video 24/7
The company also told BuzzFeed News that it plans to start streaming live video nonstop across its platform, which would make it easier for users to tune in to what people are talking about. While there's no set timeline for when this step will be taken, Twitter seems set about it.
"We will definitely have 24/7 (video) content on Twitter. Our goal is to be a dependable place so that when you want to see what's happening, you think of going to Twitter," Twitter's COO and CFO Anthony Noto told the publication.
This should give Twitter loads of room to sell 15- and 30-second unskippable adds, and, therefore, make more money.
Twitter's revenue for the year's first quarter was $548 million, down 8% year-over-year, but generally more than Wall Street was expecting. The quarterly GAAP net loss was $62 million, while the quarterly non-GAAP net income was of $82 million.