Twitter reported its revenue rose 20% to $602 million in the second quarter, its smallest gain and eighth-straight period of declining growth.
The social-media company further warned that demand from advertisers, its main source of revenue, is softer than expected, hurting its outlook for the third quarter.
Twitter’s user growth continues to show little signs of life. The company added 3 million net new users in the most recent three-month period, up just 1% from the previous quarter, giving it 313 million users who log in at least once a month.
All told, Twitter has added just 9 million users—and only 1 million users in the U.S.—since Mr. Dorsey’s return in July 2015. Facebook Inc., by contrast, has added more than 164 million monthly users in that time frame.
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