The tech giant also admitted it expected user numbers to drop in the current quarter by a figure in the "mid-single-digit millions".
Facebook has more than 2.23 billion users while its apps WhatsApp, Instagram and Messenger each have over 1 billion.
Twitter's aggressive moves to clean up the platform had not detracted from its advertising revenue, said the social network's chief financial officer, Ned Segal, during a conference call.
Twitter's stock plunged 20.5 percent after the company said monthly users decreased in the second quarter.
To Twitter's credit, the dwindling user base is partially due to its own measures to battle spammy and malicious accounts.
Twitter raised its 2018 capital spending forecast and said adjusted EBITDA margins in the third quarter would be below the second quarter's.
Twitter shares took a pounding yesterday amid a warning of a shrinking user base, extending a stock market bloodbath for what had been a sizzling social media sector.
Whether the stocks are cheap depends on whether each company can get back to a strong pace of adding users.
Twitter had 335 million monthly users in the second quarter, below the 339 million Wall Street was expecting, and down slightly from 336 million in the first quarter.
"We are confident that this is in the best long-term interest of the platform and will enable long-term growth as we improve the health of the public conversation on Twitter", the company said in a note to shareholders.
The company's monthly active users were up 11% year-on-year but growth had fallen flat in the USA and Europe, also in part down to the roll-out of GDPR.
Facebook and Twitter each have hundreds of millions of users, with Facebook clearly in the lead. Long criticized for allowing bad behavior to run rampant on its platform, Twitter has begun to crack down, banning accounts that violate its terms and making others less visible.
Revenue of $711m, mostly from advertising and up 24% from previous year, exceeded the average estimate of $696 million among analyst research aggregated by Thomson Reuters.
The micro-blogging platform reported $711 million in revenue - an increase of 24 per cent year-over-year.
Twitter's relations with advertisers have been strained by concerns about phony accounts bought by users to boost their following.
Net income of $100.1 million, or 13 cents per share, beat expectations of $464 million and 6 cents.
"They're cleaning up a lot of MAUs that are not good or real", said Richard Greenfield, an analyst at BTIG, referring to monthly active users.
Having moved to paid SMS carrier relationships in certain markets where users have better access to Twitter or Twitter Lite, making changes to improve the "health" of the platform and some impact from GDPR, a set of regulations in the European Union meant to protect consumer data, was what Twitter anchors on as reasons for the setback.
Yet the market had more than doubled Twitter's value over the past year to $32 billion, and the valuation to 50 times estimated earnings.
Bayern Munich president Uli Hoeness even said that Ozil's exit was welcome news, claiming he had been " playing s*** for years ". Before reaching those issues it should be pointed out that Ozil himself can not , of course, escape scrutiny.
The Agriculture Department is announcing a $ 12 billion " short-term " plan to help US farmers hurt by retaliatory tariffs. He notes that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate.
In 2013, Gandapur's brother Israrullah, who was then the provincial law minister, was killed in an attack on his home. Later Sunday, the Pakistani Taliban claimed responsibility for the suicide bombing that killed Gandapur.
In a court filing calling for Butina's pre-trial detention, prosecutors disclosed Butina's alleged ties to Russian intelligence. Butina's involvement in US political affairs has also extended beyond the pro-gun camp.
He last fought inside the Octagon back in 2016 at UFC 2015, when he captured the lightweight title after defeating Eddie Alvarez . What do you think of Conor McGregor's punishment? Today's proceedings will not affect McGregor's ability to travel to the US.
Amazon's cloud infrastructure business quietly accounts for almost three-quarters of Amazon's operating income. July 17 was the biggest sales day for smart home devices in Amazon history, with over a million devices sold.
Hot and muggy this morning but early this afternoon through the early evening, storms are expected to cross into Canon City. Given more clouds and the higher rain chances, we will see afternoon highs in the middle 80s with very humid conditions.
Samsung sent out press invitations for an August 9 "Unpacked" event in NY , where's it's expected to announce the Galaxy Note 9 . In addition to the fresh render leaked by Blass, the first hands-on images of the Galaxy Note 9 have been spotted on SlashLeaks .
Chelsea's pre-season training began under Sarri's predecessor, Antonio Conte . "I hope this initial time can be shortened. Zola spent seven years at the club between 1996 and 2003 and is one of the most popular players in the club's history.
Scientists classified the findings as 11 "normal" outer moons, and another that they are calling an " oddball " for its odd orbit. The orbit of a dozen previously unknown moons around Jupiter are shown here, including the " oddball " discovery, Valetudo.
The filmmaker on Friday announced that actress Priyanka Chopra has opted out of the Salman Khan starrer for a very special reason. But while Priyanka was in the USA , she kept getting news about other actors getting added to the cast.
As she described how the man's bags were being removed from the flight, a round of applause broke out and Ersson started to cry. The student then turned to fellow passengers and told them why she was standing up against the deportation.
They later went for a trip to Goa with Chopra's family and relatives that also included actress Parineeti Chopra . Well, the rumours had first begun back in 2017 when Nick was seen posing with Priyanka at the Met Gala 2017.
The Moon will be gradually covered by the Earth's shadow and the totality phase will begin at 1h 00m IST on July 28. A Super Blue Blood Moon rises behind the Camlica Mosque on January 31, 2018 in Istanbul, Turkey.
Selena's heartbreak comes after she was seen looking somber on her way to breakfast with friends in Studio City on Wednesday. Lovato said, "Being able to help people in recovery is something I'm passionate about".
Here's the point: the president has run through a succession of lawyers in connection with the Democrats' many attacks on him. Common Cause says the tape bolstered their argument that Trump knew about the payment and that it was potentially illegal.
He drove home after the shoot wrapped around 4 a.m., but when he got there, another vehicle was blocking his driveway. TMZ reports , citing unnamed sources, that the men stole around $750,000 in jewelry and more than $15,000 in cash.
And if that power isn't enough, users are given the option to upgrade to the Intel i9-8950HK processor for AED 1680. Of course, those fans would have the funds ready for the purchase, because these new MacBook Pros don't come cheap.