Twitter announced its first quarter results yesterday, reporting that they have added a total of 14 million users since the end of March, meaning that the service now has 255 million monthly active users.
That is an increase of 25 per cent year-over-year.
They also reported that they had 198 million monthly mobile active users, which is an increase of 31 per cent year-over-year, a number which represents 78 per cent of their total monthly active users.
These numbers were revealed during the companies Q4 earnings conference call, in which it admitted that it hasn’t matched the growth rates of Facebook or Snapchat, adding that a lot of new users found Twitter to difficult to use – thus the recent design change.
“We had a very strong first quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth,” said Dick Costolo, chief executive at Twitter, in a statement. “We also continue to rapidly increase our reach and scale.”
Despite that the company did reveal that they have made $250 million in revenue, with a loss of $132 million for Q1 2014.
Twitter also forecasted that it expects revenue in the range of $270 million to $280 million for the next quarter.