Twitter did not add any new users in Q2 2017 despite daily tweets from the POTUS. The total number of users for Quarter 2, 2017 was reported as 328 million users, a figure that remains unchanged from Quarter 1, 2017.
Twitter hasn’t been able to substantially add new users for quite some time now, despite its constant mention in popular culture.#twitter didn't add any new users in #2017Click To Tweet
Why The Stall in Growth?
We believe Twitter’s stalled growth is due to the product itself. Twitter has been slow to change.
The concept of Twitter is fairly difficult to grasp for new users. The less intuitive, majorly text-based platform makes it less intriguing to attract new comers in an era where most social media platforms offer exciting content and are very easy to use.
Another factor is that Twitter conversations happen on Twitter.
When advertisers spend money on ads, they expect to drive traffic to their products or websites. The thing with Twitter is a lot of conversations happen on site and users rarely leave the site to check third party sites. This provides very little ROI to advertisers compared to other platforms like Facebook.
Twitter has also done very little to deal with abuse and trolling on its platform. There has been several incidents of abuse and trolling on Twitter but little has been done to curb these incidents. The most recent incident was singer Ed Sheeran quitting Twitter after being trolled for his appearance in an episode of Game of Thrones Season 7.
Ed Sheeran has deleted his twitter account following all the hateful and awful messages he has received from trolls
— Luke Waltham (@lukewaltham) July 17, 2017
Revenue Increases Despite Stall in User Growth
Despite the stall in growth, Twitter still managed to increase revenue from $548 million USD in Quarter 1, 2017 to $574 million in Quarter 2, 2017.
This number marginally beats Wall Street‘s Twitter revenue forecast of $537 million for the said revenue quarter.
What’s Next For Twitter?
In a bid to bring in more revenue, Twitter is seeking to launch a tweet promotion service for a fixed monthly fee.
For $99 USD per month, Twitter will promote your tweets and profile without the need to create and manage ad campaigns.
The program is currently in private beta and could be rolled out very soon to all users.