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Twitter Reports Fourth Quarter and Fiscal Year 2014 Results
Twitter, Inc. (NYSE: TWTR) today announced financial results for the quarter and fiscal year ended December 31, 2014.
Twitter Blames Slow User Growth On iOS 8 Bug, But Predicts Strong Q1 2015
Twitter’s user count grew a measly 1.4% this quarter, down from 4.8% in Q3 2014, but CFO Anthony Noto said things are turning around. He said the rollout of iOS 8 cost Twitter 4 million monthly active users, and cited seasonality, saying Q4 is historically slow for the company. Specifically, a bug in Twitter’s iOS 8 integration led Twitter to lose 1 million of its own users, and iOS 8 Safari changes cost Twitter 3 million more users.
However, thanks in part to products like Instant Timeline designed to make Twitter easier for new users, Noto said the company predicts that user-count additions will return to levels from the first three quarters of 2014, or around 14 million users per quarter.