Twitter Grows Daily Active Users to 145 Million, Stock Tanks on Earnings Shortfall

Social media giant Twitter on Thursday reported lower third-quarter earnings, but improved user growth as it added 6 million daily active users.

Quarterly revenue was up 9 percent to $824 million, which fell short of the consensus estimate of $875.6 million.The company pointed to a "number of headwinds," including product issues and lower-than-expected advertising volumes in July and August, to explain the revenue shortfall. Twitter saw its daily active user base, a new measurement metric, rise to 145 million users from 139 million in the second quarter and 134 million at the end of the first quarter of 2018.

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