https://qz.com/1341625/twitter-q2-earnings-disappoint-investors/

Twitter reported its second-quarter earnings today (July 27), its third profitable quarter in a row. But a decline in its user count sent the social network’s stock price nosediving in pre-market trading.

The social network exceeded estimates of analysts surveyed by Thomson Reuters—it generated $711 million for the quarter, compared to an expected $696 million. But the number of users who visit the site each month fell short of expectations: Analysts had expected Twitter to grow to more than 338 million monthly active users, whereas the social network only reported 335 million for the quarter, a drop of 1 million users over last quarter.