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Twitter’s Revenue Report For June Showed Slight Growth As Company Struggles With Monetization

It seems that Twitter has had a rocky few months and predictions for the future aren’t too great either. While the month of June is gone, it’s great to take a look at how Twitter performed last month.

Well, the in-app revenue figures showed a small increase so that’s a good thing but keeping in mind today’s competitive social media market, there are plenty of areas for improvement.

It wouldn’t be wrong to say that Twitter has experienced a dry and quiet spell in the last month. We didn’t hear too much about Elon Musk and his rants and the transition deal continued to remain at a standstill. Moreover, it really felt for a second that we were seeing a news cycle that went silent for quite a while.

But that does not mean quiet is always a good thing as we’ll show you a rundown of the figures observed recently.

The total revenue for June ended at about $439K as shown by the estimates. Remember, this is the final figure after both Google and Apple take on their respective fees.

For each month, there was definitely some growth, ever since we’re seeing the app begin monetizing. However, when we see the results in June, the picture isn’t too great and fails to follow the trend.

Yes, the total for June is a little higher than May, but the growth is hardly worth raving about because it’s a mere 1%.

So, what could the real reason for slow growth be? Well, experts believe the answer is not only related to the great uncertainty around a possible Twitter transition. It is also related to the paid subscriptions it has introduced and how lackluster the entire ordeal has become.

Most importantly, all other archrivals are doing plenty more in terms of monetization but Twitter fails to do the same. And that could have some adverse consequences in the long run.


H/T: AF

Read next: Elon Musk Proves He Doesn’t Have What It Takes To Save Twitter As Company Vows To Drag Billionaire To Court

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