Twitter's revenues failed to meet expectations as the micro-blogging platform netted 436 million dollars, up 74 percent year on year but below forecasts, in the first quarter of the year.
The company said that it expected the negative impact on its revenue to continue for the rest of the financial year, reported the BBC.
The social media site also reported a net loss of 162 million dollars, an increase from the same period a year ago when it lost 132.4 million dollars.
However, the company also witnessed the number of its monthly users increase by 18 percent year-on-year to 302 million for the first quarter.
Chief Executive Dick Costolo said that the firm remained confident in its "long-term opportunity." "We have a strong pipeline that we believe will drive increased value for direct response advertisers in the future," he added.
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Twitter also announced that it was acquiring marketing technology firm TellApart and striking a deal with Google to improve its advertising performance measurement.
The company said that it expected revenue for the full year to be between 2.17 and 2.27 billion dollars, lower than the 2.3-2.35 billion dollar range it forecasted in December.
Twitter's shares fell by 18 percent after the results were released earlier than expected and before US markets closed.
