Twitter loses 9 million monthly active users in Q3 2018, its steepest decline ever | Media

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In today’s third quarter earnings release, , announced that its number of has declined for the second straight quarter, as the company seeks to rid its platform of spam, bots, and hateful content.

Twitter reported 326 MAUs during 2018. That’s down from 335 MAUs last quarter. It was expected that Twitter’s MAU numbers would drop, however that is the largest quarter-over-quarter in MAUs in the company’s history. Twitter also reported that its daily active users grew 9 percent year-over-year, however Twitter doesn’t give the exact number of DAUs.

The company, did have brighter news to report in revenue — Twitter generated $758 million in revenue over the last three months, higher than what analysts expected. Twitter generated a net income of $789 million, thanks in large part to a $683 million tax break it took advantage of. Excluding the benefit, Twitter had a net income of $106 million.

This is the third straight quarter that Twitter has been profitable.

The company will likely address MAU trends more its earnings call at 5 a.m. Pacific.

More to follow 


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