The stock is currently down over 9%, after gaining 4.64%, or $1.79 cents, in regular trading to finish at $42.62 a share.
The company posted quarterly revenue of $250 million, up 119% year to year, while analysts had been expecting quarterly revenue to be $241 million. Twitter reported non-GAAP EPS of $0.00, which beat expectations of a loss of 3 cents a share.
So why are investors so down on the company? Once again, it probably has to do with slowing user growth.
The company saw its average monthly active users (MAUs) grow 25% year to year, to reach 255 million. That is slower growth than it saw in the previous quarter, when MAUs went up by 30% year to year. Analysts had been expecting MAUs to hit 257 million.
Mobile MAUs increased 31% to 198 million, once again falling short of last quarter, which saw growth of 37%. Mobile MAUs represented 78% of the company's total MAUs, up from 76% last quarter.
Timeline views reached 157 billion for the first quarter of 2014, an increase of 15% year-over-year. They had been up 26% last quarter.
Almost all of Twitter's revenue came from advertising, which accounted for $226 million, a 125% year to year increase. Data licensing, and other revenue, came to $24 million, an increase of 76% year-over-year.
Of Twitter's total revenue, $70 million, or 28%, was International, an increase of 183% year-over-year.
Timeline views reached 157 billion in the first quarter of 2014, an increase of 15% year-over-year, while reached $1.44 in the first quarter of 2014, an increase of 96% year-over-year.
GAAP net loss was $132 million, compared to a net loss of $27 million in the same period last year.
Twitter is projecting revenue of between $270 and $280 million, with adjusted EBITDA in the range of $25 million to $30million, for the next quarter. For the full year 2014, it expects to see revenue between $1,200 million to $1,250 million, with an adjusted EBITDA in the range of $180million to $205 million.
(Image source: badlefthook.com)