Struggling Twitter reported today revenues of $548 million in the first quarter of 2017, a drop of 8 percent from the same period a year ago, marking the first such drop for the platform.
Still, that tops the $512.1 million consensus analyst estimate. The company also reported that Monthly Active Users increased 9 million quarter-over-quarter, reaching 328 million. That’s an increase of 6 percent, a slightly better clip than the 4 percent growth it reported last quarter.
Still, in its most recent quarter, social giant Facebook reported user growth of 17 percent.
Twitter also continued to emphasize Daily Active User growth, a metric it began highlighting last year. The company said DAUs were up 14 percent in the quarter, an improvement from the 11 percent, 7 percent, and 3 percent increase it reported respectively in the previous three quarters.
More to come.