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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

56 mins ago - World

UN chief urges U.S. and China to fix "dysfunctional relationship"

United Nations Secretary-General Antonio Guterres during a Sept. 13 press conference in Geneva. Photo: Fabrice COFFRINI / Coffini/AFP via Getty Images

United Nations chief Antonio Guterres raised concerns in an interview with AP, published Monday, of another Cold War between the U.S. and China.

Why it matters: Guterres made the comments ahead of this week's UN General Assembly in New York. Guterres told AP the U.S.-U.K. deal to provide nuclear-powered submarines to Australia "is just one small piece of a more complex puzzle ... this completely dysfunctional relationship between China and the United States."

Updated 2 hours ago - Politics & Policy

FBI says human remains found in Wyoming likely Gabby Petito

Gabby Petito. Photo: FBI

Human remains found in Teton County, Wyoming, are "consistent with the description of" missing 22-year-old Gabby Petito, FBI Denver official Charles Jones said at a news conference Sunday.

Details: The cause of death had yet to be determined, but Jones said: "Full forensic identification has not been completed to confirm 100% that we found Gabby, but her family has been notified of this discovery." Authorities said they're continuing the search for her fiancé, Brian Laundrie.

Dems' immigration plan hits major roadblock

Senate Majority Leader Sen. Chuck Schumer. Photo: Alex Wong/Getty Images

The Senate parliamentarian ruled Sunday that Democrats cannot include pathways to citizenship in the $3.5 trillion budget reconciliation package, per a copy of the ruling obtained by Axios.

Why it matters: It's a blow to Democrats who hoped to provide pathways for millions of undocumented immigrants in the U.S. Using reconciliations would have allowed them to pass politically contentious immigration changes with only 50 votes, as opposed to the usual 60 required.