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Richard Drew / AP

Twitter's user growth picked up noticeably in the first quarter of 2017, though its revenue significantly decreased at the same time, according to its latest financial results. The company now has 328 million monthly active users, up by 9 million since the previous quarter, and growing its daily active users by 14% since the year-ago quarter.

Revenue tank: Though it beat analyst estimates, Twitter's quarterly revenue dropped to $548 million, down from $717 million the previous quarter, and an 8% year-over-year decrease. However, the company managed to shrink its quarterly net loss to $62 million, its lowest in the past year.

Why it matters: While advertising revenue took a dive, revenue from data licensing grew, and Twitter lowered its cost-per-ad engagement, signaling users are engaging more with its ads, which is a positive for advertisers. Furthermore, Twitter stock rose by up to 10% in pre-market trading following the release of its quarterly results.

Go deeper

Former Georgetown tennis coach pleads guilty to accepting admissions bribes

Gordon Ernst (left) former head tennis coach at Georgetown, is pictured outside the John Joseph Moakley United State Courthouse in Boston on March 25, 2019. Photo: Jessica Rinaldi/The Boston Globe via Getty Images

A former Georgetown University head tennis coach has pleaded guilty Tuesday to bribery charges related to facilitating the admission of prospective applicants.

Why it matters: Gordon Ernst solicited and accepted bribes from William Singer, ringleader of the cheating scheme uncovered by Operation Varsity Blues, and families in exchange for helping prospective applicants get into Georgetown as student athletes, according to the Justice Department.

3 hours ago - Health

CDC says some immunocompromised people can get fourth COVID shot

Photo: Noriko Hayashi/Bloomberg via Getty Images

The Centers for Disease Control and Prevention said in updated guidelines Tuesday that some immunocompromised people who have received either Pfizer or Moderna's COVID-19 vaccines will be able to get a fourth shot.

Details: People over 18 who are "moderately to severely immunocompromised" and have received three doses of an mRNA vaccine may get a fourth shot (of either the Pfizer, Moderna, or Johnson & Johnson vaccines) at least six months after getting their third Pfizer or Moderna dose, per the CDC.

4 hours ago - Politics & Policy

Scoop: Biden plan expected to include at least $500B for climate

Photo: Stephanie Keith/Bloomberg via Getty Images

The White House is privately telling lawmakers the climate portion of President Biden's roughly $2 trillion social spending plan is "mostly settled" and will likely cost more than $500 billion, two sources familiar with the talks tell Axios.

Why it matters: A price tag of $500 billion to $555 billion is a huge number and, if it holds, would likely be the single biggest component of the sweeping package. It also isn't far off from the roughly $600 billion proposed when the bill was expected to cost $3.5 trillion.