Twitter’s User Growth Continues to Disappoint, Revenue Surges

(Bloomberg) -- Twitter Inc. posted fourth-quarter revenue that topped estimates and forecast that the number of new users will pick up, as the company works to address concerns about how big an audience it can attract.
Revenue increased 97 percent to $479.1 million, beating the average analysts’ projection of $453.6 million, according to data compiled by Bloomberg. Profit excluding some items was 12 cents a share, compared with an average estimate of 6 cents.
Twitter said Thursday it is set to add 13 million to 16 million users in the first quarter, similar to the number it added in the early part of 2014. That would indicate sequential user growth of about 4.5 percent, compared with 1.4 percent in the prior period. The San Francisco-based microblogging company ended the fourth quarter with 288 million users