San Francisco: Twitter on Tuesday said its revenue jumped 18 per cent to USD 787 million in the first quarter of this year compared to last year, while its monthly active users went down to 330 million, a year-on-year drop of six million.
"Q1 was a solid start to the year with revenue up 18% year-over-year, reflecting particular strength in the US. Revenue outperformance, in combination with lower expenses, resulted in better-than-expected profitability, with an operating income of USD 94 million and an operating margin of 12 per cent," Twitter said in the report.
Twitter also revealed that its monetisable daily active users - the new and preferred metric for user numbers that the microblogging site uses - were 134 million in the quarter, up 11 per cent year-over-year.
Taking note of the spread of abuse on the platform, Twitter said it was taking a more proactive approach to reduce abuse on Twitter and its effects in 2019.
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"Improvements in Q1 emphasised proactive detection of rule violations and physical, or off-platform, safety -- including making it easier to report Tweets that share personal information, helping us remove 2.5 times more of this content since launch," it added.
Twitter's total US revenue was USD 432 million, an increase of 25 per cent, while its total international revenue was USD 355 million, an increase of 11 per cent.
"We made a number of product improvements in the first quarter, including the launch of a public prototype app - with an initial focus on making Twitter more conversational, and a new Twitter camera to more easily capture and share what's happening," said the company.
For the second quarter of 2019, Twitter expects total revenue to be between USD 770 million and USD 830 million and operating income to be between USD 35 million and USD 70 million.
