Twitter's Free Fall Is Slightly Less Brutal Than It Was Before

Image: AP
Image: AP

Twitter announced its Q1 2017 earnings on Wednesday, and good news, everyone: The company isn’t performing as poorly as it was last quarter!


Now, make no mistake. Twitter still made less money than it did a year ago—its revenue declined eight percent year over year. But because of, uh, a lack of investor confidence, it still beat analyst expectations by a wide margin.

As TechCrunch notes, Wall Street expected the company to earn one cent per share on $511.9 million in revenue. Instead, the company earned 11 cents a share on $548 million in revenue. Somewhere, Jack Dorsey is fist pumping in an empty office.

Importantly for Twitter, it also added nine million monthly active users, bringing the company to 328 million active monthly users. That’s a lot of people, but it pales in comparison to other social networks. Instagram, for example, decided to drive the knife in a little bit deeper and announced today it now has 700 million monthly users.

On the earnings call front, Twitter said that its efforts to curb harassment haven’t had any demonstrable impact on its user figures, because harassers are “a very small percentage” of Twitter’s user base. It just feels like Twitter is full of assholes, but really, the company wants us to know that everything is just fine!

Look, normally, when a company’s earnings are down 8 percent year over year, that’s not a reason to celebrate. But when you’re Twitter and everything else has been going to shit, beating the meager expectations Wall Street put on you because the bar is so low you can finally crawl over it is a reason to cheer. Or at least, like, whisper loudly.

Christina is a senior writer at Gizmodo.


So, revenues are down, even with user numbers going up, growth is slower than other, newer social networks, both percentage wise and gross numbers wise, and Twitter has had 10 years to try and successfully find a way to make money, and has failed. Why the hell are people still investing in this dumpster fire? It’s time to let it die already.