Some temporary changes to reduce misinformation around the U.S. election had a small negative impact on global user growth, Twitter said.
Twitter Inc on Tuesday posted 27% user growth, missing Wall Street estimates, and warned this rate would slow in the upcoming quarters as a boost from the pandemic fizzles.
Twitter shares were mostly flat in volatile trading after the market closed.
The social media company, which beat quarterly sales and profit estimates, said expenses would rise 25% or more in 2021but projected that total revenue would grow faster than costs.
In the fourth quarter, Twitter said it had 192 million average monetisable daily active users (mDAU) — its term for the number of daily users who can view ads. Analysts were expecting 196.5 million, according to IBES data from Refinitiv.
Twitter said user growth was driven by product improvements and more global conversation from events like the COVID-19 pandemic and the U.S. election. Some temporary changes to reduce…