Twitter Debuts 'Stickers' as it Faces Slowest Revenue Growth in Three Years

by

Twitter today will begin rolling out its new "Stickers" feature for iOS and Android devices, which it first announced in June, letting users choose from a set of custom-made stickers in order to customize photos before posting them to the micro-blogging social network. The update brings Twitter a step closer to the comical editing capabilities of Snapchat, where users can place, enlarge, and filter emojis layered on top of their pictures.

But, ahead of the official launch of Stickers, Twitter reported "its slowest revenue growth since going public in 2013." As reported by Reuters earlier this week, Twitter's most recent earnings forecast referenced a "disappointing" near future for the company as it struggles to keep pace with services that are catching fire, like Snapchat and Instagram.

Twitter Stickers launch

Overall, this year the company's user base expanded 1 percent from Q1 (310 million monthly active users) to Q2 (313 million MAU). Revenue during the second quarter also hit below expectations, as the company's current quarter forecast of between $590 million and $610 million fell below analyst estimates of about $678.18 million.

The question now for investors, and executives at Twitter, is whether the service should pivot into a "niche product," now that its days of booming growth are behind it, and most people sticking around are longtime, loyal users. Either way, the company is said to have a plan in mind to turn things around, focusing on five key areas: its core service, live-streaming video, the site's "creators and influencers," safety, and developers.

"Clearly, the turnaround is still a work in progress and the question of whether being a platform for a mass audience versus a niche audience needs to be answered," said James Cakmak, analyst at Monness, Crespi, Hardt & Co.

"We are a year into Dorsey coming back and there is really no end in sight of when it is going to start picking up to where investors are going to be happy," said Patrick Moorhead, analyst at Moor Insights & Strategy.

During the earnings call (which the company has streamed on its own live-streaming app Periscope in the past), CEO Jack Dorsey pointed out small, incremental changes brought to Twitter that he believes will help make bigger differences in public opinion in the long run. These amount to gaining the most out of its 140 character limit, including not counting links and mentions -- and soon media links -- in a tweet's character count. Presumably, beginning today, he and Twitter also hope Stickers will help bridge the divide between potential new users and their reluctance to commit to the service.

Those interested can learn more about Stickers here, and anyone who has yet to do so can get the Twitter app for free from the App Store. [Direct Link]

Tag: Twitter

Top Rated Comments

(View all)
Avatar
53 months ago

Banning Milo was about the only positive action they've taken in the last few years.

Until they implement proper measures to deal with harassment and hate speech, a proper blocking system, etc. They simply will not retain users.

He did not harass her, period. He tweeted at her 3 times and none were abusive to warrant a permanent suspension. Correcting someone's bad grammar is not abusive, it's borderline annoying. The other two tweets were about her terrible movie.

Also, Leslie Jones has tweeted many times in the past hate against white people, but since she's not a conservative Twitter is fine with that.

That is not the reason Twitter is losing users and every time they ban or censor a prominent conservative figure their stock drops even lower.
Score: 9 Votes (Like | Disagree)
Avatar
53 months ago
Free Milo first.
Score: 7 Votes (Like | Disagree)
Avatar
53 months ago
Twitter has just lost the plot. I think they're diluting the platform by trying too many random things.
Score: 7 Votes (Like | Disagree)
Avatar
53 months ago
Yey stickers.. Said no one ever!
Score: 5 Votes (Like | Disagree)
Avatar
53 months ago

Free Milo first.

Banning Milo was about the only positive action they've taken in the last few years.

Until they implement proper measures to deal with harassment and hate speech, a proper blocking system, etc. They simply will not retain users.
Score: 5 Votes (Like | Disagree)
Avatar
53 months ago
Seems like a change to compete against Snapchat. I've decided to avoid social media, so this sort of change doesn't really motivate me.

I think Twitter is in a tough spot, they can't seem to grow the service like other social media, but it seems very popular, it's just can't monetize its popularity.
Score: 3 Votes (Like | Disagree)

Top Stories

Apple-Acquired Dark Sky Officially Shuts Down Android App

Saturday August 1, 2020 3:43 pm PDT by
Apple in March purchased weather app Dark Sky, and at that time, Dark Sky's developers said that the app's Android version would be discontinued on July 1, 2020. However, instead of shuttering the app on that date, the app's developers announced that the discontinuation would be delayed for another month. Now that it's August, Android users are no longer able to access the app, and...

Apple May Launch This Year's 'iPhone 12' Lineup in Two Stages, With 6.1-inch Models Debuting First

Monday August 3, 2020 3:14 am PDT by
Apple last week confirmed that its "‌iPhone‌ 12" launch will be delayed this year due to the ongoing global health crisis and restrictions on travel. Apple last year started selling iPhones in late September, but this year, Apple projects supply will be "available a few weeks later," suggesting a release sometime in October. We're expecting a total of four OLED iPhones in 5.4, 6.1, and...

Top Stories: Try the 5.4-Inch iPhone 12 Display Size, Blockbuster Earnings, Tim Cook at Antitrust Hearing

Saturday August 1, 2020 6:00 am PDT by
Another busy week of Apple news and rumors has wrapped up, with a lot of focus on Tim Cook's appearance at a Congressional antitrust hearing and a blockbuster earnings report. Subscribe to the MacRumors YouTube channel for more videos. We continued to hear rumors about the upcoming iPhone 12 lineup, including a rare admission from Apple that the lineup will launch "a few weeks later" than...

Just How Small Will the 5.4-Inch iPhone 12 Screen Be? Try It Out for Yourself

Tuesday July 28, 2020 12:57 pm PDT by
As rumors of the iPhone 12 have continued to build over the past few months, the one model that has the most excitement around it is the smallest 5.4" model. The iPhone 12 is believed to be coming in 5.4", 6.7", and 6.1" sizes. Dummy models have shown how much smaller the 5.4" is compared to the rest of the iPhone lineup. The upcoming 5.4" iPhone falls in-between the size of the original...

Unreleased iPod Touch with Mac Pro Glossy Black Finish Shared Online

Sunday August 2, 2020 11:32 am PDT by
Twitter user @DongleBookPro has today posted images of what seems to be a first-generation iPod Touch prototype with a 2013 Mac Pro-style glossy black finish. The Twitter user claims that the iPod Touch prototype pictured has "the same coating as the 2013 Mac Pro." Had the finish been selected for the final product, it also would have been similar to the metallic glossy black finish that...

Apple Confirms This Year's iPhone 12 Models Will Be a Little Bit Late

Thursday July 30, 2020 2:34 pm PDT by
During today's earnings call covering the third fiscal quarter of 2020 (second calendar quarter) Apple CFO Luca Maestri confirmed that Apple is expecting to release this year's iPhones later than usual. Maestri said that Apple last year started selling iPhones in late September, but this year, Apple projects supply will be "available a few weeks later." Multiple rumors have suggested that ...

Battery Likely for Upcoming Apple Watch Series 6 Filed in Certification Listings

Saturday August 1, 2020 5:46 am PDT by
A battery likely for the upcoming Apple Watch Series 6 has been filed at the Korea Testing and Research Institute and discovered by a Twitter user @yabhishekhd. Certification for a 1.17Wh battery with a capacity of 303.8mAh was issued on June 23 by the KTR, a Korean regulatory body that approves and tests new hardware ahead of public sale. The battery seems to be destined for a future...

Apple Watch Series 6 to Feature Blood Oxygen Monitoring Sensor

Friday July 31, 2020 1:56 am PDT by
The Apple Watch Series 6 will add blood oxygen monitoring to its features list when it's launched later this year, according to a new report from DigiTimes. Apple Watch 6 will feature biosensors that can monitor sleeping conditions, detect blood oxygen and measure pulse rates, heartbeats and atrial fibrillation, and will also incorporate MEMS-based accelerometer and gyroscope, all allowing the ...

Apple Marks Return of NHL With New 'Hockey Tape' Ad Shot on iPhone 11 Pro

Saturday August 1, 2020 2:33 am PDT by
Apple today marked the return of NHL hockey with a new "Shot on iPhone" ad on its YouTube channel in Canada. Titled "Hockey Tape," the 30-second video features Vegas Golden Knights players Marc-André Fleury and Mark Stone having some on-ice fun with the iPhone 11 Pro, which they attach to the boards, a hockey stick, and a skate with hockey tape. "See the game like never before with Ultra ...

Emails Reveal Why Steve Jobs and Phil Schiller Blocked In-App Purchase of Kindle Books

Friday July 31, 2020 6:25 am PDT by
Internal Apple emails, made public by the House Judiciary Committee's antitrust inquiry, have revealed information about why Apple blocked in-app purchases of Kindle books on iOS devices, reports The Verge. Two sets of emails between Steve Jobs, Phil Schiller, Eddy Cue, and various other senior Apple executives, disclose the exact thinking behind how Apple approached Kindle on iOS. The...