Twitter on Tuesday posted second quarter earnings of $0.07 per share, beating expectations of $0.04 per share. That good news sent Twitter’s stock up over 4% in after-hours trading early Tuesday afternoon.
But Twitter’s full earnings presentation reveals something else interesting about the service: Americans have pretty much stopped signing up for it.
The number of new American Monthly Active Twitter Users has been gradually getting smaller for a while now, even flatlining once before at the end of last year. Now that’s happened for a second time, with no new U.S. user growth from Q1 2015 to Q2 2015:
That lack of American growth doesn’t mean Twitter isn’t making any money from the U.S. — domestic revenue hit $321 million this quarter, up 53% year-over-year. But it’s a sign that Twitter must increasingly look to foreign shores for more user growth, a…
View original post 87 more words