Twitter shares tumble on stagnant user growth

Twitter beats Wall Street expectations, but user growth has totally stagnated

Twitter did not add any new monthly active users in the past three months, but said 12 percent more users are accessing the site on a daily basis than in the same quarter a year ago.

Monthly active users are a key indicator of performance for social media services and are calculated typically by adding the number of overall users who have logged in and well as logged out during a period of 30 days.

But after getting an election bump last quarter that many analysts tied to President Donald Trump, the social network is actually losing American users - looking at its monthly active users.

The company's second-quarter net loss widened to $116.5 million as it took a $55 million impairment charge and revenue fell 4.7% to $573.9 million, the second time it has fallen since its public market debut in 2013.

In its letter to shareholders, Twitter said that it was able to boost engagement among daily users during Q2 with more push notifications, email alerts, and timeline improvements.

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Twitter investors are having another tough day. The company declined to disclose a daily active user number or provide further details.

Analysts had been modeling $537 million and 5 cents per share.

In the third quarter, Twitter said it expects adjusted earnings before interest, tax, depreciation and amortization of $130 million to $150 million. "It's not a recipe for a stock you want to buy".

Finally, we achieved greater operating efficiency.

Online advertising is increasingly an issue for Twitter, as other technology companies such as Alphabet and Facebook continue to eat up more digital advertising revenue.

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In a statement, CEO Jack Dorsey said he was confident in the company's approach to developing and engaging with its users.

The company reported as well a wider net loss for the quarter and lower revenue.

Revenue in the three months ended in June declined by 5%, year over year, to $574 million, yielding EPS of 8 cents.

In fact, in the U.S., Twitter's monthly user base decreased by 2 million in the quarter, declining to an average of 68 million for Q2. Twitter's stock fell more than 9 percent to $17.75 in pre-market trading Thursday after the numbers came out.

One of Twitter's biggest gambles to spur higher user engagement has been its increased investments in live and streaming video content.

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