Twitter's User Growth Just Came To A Halt

Twitter's latest round of financials isn't looking all that hot. The social media company has delivered its reporting for quarter 2, and on top of posting a loss, it also didn't experience any significant user base growth throughout the three month period. That, as you can probably guess, isn't very encouraging for a company that still has yet to turn a profit.

The social media company had a net loss of $116 million during, which is actually a larger loss than the same quarter a year ago. Even though the two figures are very similar – Twitter posted a $107 million net loss in year-ago quarter – it's still heading in the wrong direction.

Making matters worse, Twitter's quarter-to-quarter user numbers remain unchanged. Twitter reported 328 million monthly active users for Q2, the same figure it reported for Q1. If there's a silver lining to be found in that number, it's that it did grow 5% over the same quarter a year ago, so while growth is stagnant quarter-to-quarter, it's at least on the rise when we zoom out a bit.

Twitter shares, unsurprisingly, have dropped in the time since this financial report was delivered. At the time of this writing, Twitter's stock price has fallen 12.84% to $17.11 per share. We may see it go lower by day's end, and this drop is likely due to the fact that Twitter failed to add new users in Q2 – after all, investors are probably well acclimated to the idea that Twitter won't turn a profit.

Even if Twitter didn't add any new users, being able to boast 328 million monthly active users is still pretty impressive. With that in mind, though, it hasn't exactly been smooth sailing for Twitter in recent months and years, as the platform combats abuse and tries to find more ways to become profitable. We'll see if Twitter can work those issues out as we continue to make our way through the fiscal year, so stay tuned.