<p>Twitter Inc, which has agreed to a $44 billion sale to Elon Musk, said on Thursday it added more users than Wall Street had expected for the first quarter even as revenue came in slightly below estimates.</p>.<p>The company also withdrew all previously provided goals and outlook, given the pending acquisition.</p>.<p>The company said daily active users rose to 229 million users in the first quarter ended March 31, from 199 million a year earlier. Analysts on average had expected 226.8 million daily active users.</p>.<p>Twitter, which has struggled to shake off a stagnation in its user base, has been working to improve its targeting and measurement of ads and testing e-commerce ad formats, while spending aggressively on initiatives such as video advertisements.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/musks-twitter-purchase-puts-moral-champion-in-crosshairs-1104595.html" target="_blank">Musk's Twitter purchase puts moral champion in crosshairs</a></strong></p>.<p>While Musk has not made clear how he plans to "fix and improve" Twitter, he has spoken about a subscription-based business model and a crackdown on bot accounts.</p>.<p>It reported revenue of $1.2 billion, compared with analysts' average estimate of $1.23 billion, according to IBES data from Refinitiv.</p>.<p>Its net income rose to $513.3 million, or 61 cents per share, from $68 million, 8 cents per share, a year earlier.</p>.<p>The San Francisco-based company's shares rose about 0.7% in trading before the bell.</p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>Twitter Inc, which has agreed to a $44 billion sale to Elon Musk, said on Thursday it added more users than Wall Street had expected for the first quarter even as revenue came in slightly below estimates.</p>.<p>The company also withdrew all previously provided goals and outlook, given the pending acquisition.</p>.<p>The company said daily active users rose to 229 million users in the first quarter ended March 31, from 199 million a year earlier. Analysts on average had expected 226.8 million daily active users.</p>.<p>Twitter, which has struggled to shake off a stagnation in its user base, has been working to improve its targeting and measurement of ads and testing e-commerce ad formats, while spending aggressively on initiatives such as video advertisements.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/musks-twitter-purchase-puts-moral-champion-in-crosshairs-1104595.html" target="_blank">Musk's Twitter purchase puts moral champion in crosshairs</a></strong></p>.<p>While Musk has not made clear how he plans to "fix and improve" Twitter, he has spoken about a subscription-based business model and a crackdown on bot accounts.</p>.<p>It reported revenue of $1.2 billion, compared with analysts' average estimate of $1.23 billion, according to IBES data from Refinitiv.</p>.<p>Its net income rose to $513.3 million, or 61 cents per share, from $68 million, 8 cents per share, a year earlier.</p>.<p>The San Francisco-based company's shares rose about 0.7% in trading before the bell.</p>.<p><strong>Watch latest videos by DH here:</strong></p>