Social media giant Twitter now has 330 million active users, adding 4 million new monthly users last quarter, up from 326 million last quarter and 317 million this time last year. While this is not a huge overall improvement, user growth is one of the big things Twitter and its investors have been looking for.
Daily active users are also up 14 percent year over year, though Twitter didn’t give an exact figure on where those are at overall.
However, Twitter said it had miscounted monthly active users since late 2014, overestimating growth for the prior two quarters by 1 to 2 million. The adjusted figures mean that the company actually lost users during the summer, instead of staying even with its results in the spring.
Twitter reported revenue of $590 million, down from $616 million this time last year, a four percent drop. Still, the company’s losses narrowed, with a net loss of $21 million this quarter, down from $103 million this time last year.
Twitter’s numbers remain surprisingly low compared to other social networks — particular ones owned by Facebook. Instagram has 800 million monthly active users, having added 200 million in little more than the last year. WhatsApp and Facebook Messenger have over 1 billion monthly users each, and Facebook itself has over 2 billion. Snapchat, which has itself seen slow growth, only discloses daily active users, but it’s at around half of what Twitter has in a month, with 173 million people using the app each day.
