Twitter shares slumped by 11% in after-hours trading after the service confirmed it was still struggling to add users.
Its second quarter revenue was $502m (£321m), above forecasts of $470m to $485m.
That figure is a 61% increase year on year, according to the company’s results.However, the slowest user growth since Twitter went public in 2013 saw monthly active users creep up from 308 million to 316 million over the quarter.
In comparison, Facebook has a massive 1.4 billion monthly users.Twitter has been struggling to expand its appeal to the mass market.
"Our Q2 results show good progress in monetisation, but we are not satisfied with our growth in audience," said Jack Dorsey, the site’s co-founder.
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