Twitter Reports Positive Quarter, Surprising Many

Twitter has actually managed to report a good quarterly performance. The company says it added 9 million monthly active users during Q1, beating expectations by 7 million. Much of the growth came from the US, where Twitter saw the addition of 3 million people.

Although it had a decline in quarterly revenue, it didn't lead to the kind of negative performance quarter many analysts had expected.

It reported $548 million in revenue, up from the $511.9 million expected by analysts.

Twitter says it is also beginning to legitimately tackle the abuse issue on the platform, which could make the network more welcoming for new users.

In response to these results, Twitter's stock jumped 10% in pre-market trading.