Twitter brought in $361 million in revenue this past quarter, the company announced today. That’s an increase of 114 percent year-over-year from $168.5 million in the third quarter of 2013. That’s $10 million above Wall Street expectations, according to a survey of analysts conducted by Thomson Reuters.
The company’s quarterly earnings of one cent per share were in line with analyst expectations, and 14 cents up from the company’s results a year ago.
Twitter’s financials may have been good enough, but the company’s user growth (something investors have been watching closely) left something to be desired. Monthly active users were up 23 percent year-over-year at 284 million users, but user growth has slowed down quarter-over-quarter.
Timeline view growth has slowed down quarter-over-quarter as well, which is sure to trouble investors who want to see the service expand more rapidly.
While this quarter brought good financial news, Wall Street isn’t too happy about the company’s guidance for the fourth quarter of 2014. The social networking company expects revenue of $440 million to $450 million, compared to a consensus among analysts of $448.2 million.
The company’s stock has tanked in after hours trading. It’s trading down 9 percent as of this writing.
Twitter’s detailed financials are embedded below.