Twitter Says It's Going to Make More Money Than It Thought This Year. Wall Street Yawns.

Twitter can’t say it has solved its user problem this quarter. But its revenue story is still a good one.

Dick Costolo’s company, which was already on track to do more than a billion dollars in 2014, says it’s going to do better this year than it had previously thought.

Twitter now says it expects to earn $1.2 billion to $1.25 billion this year, up from earlier projections of $1.15 billion to $1.2 billion. It bumped up its adjusted earnings number as well: It thinks it will make $180 million to $205 million, up from $150 million to $180 million.

It’s possible that Wall Street is concerned about the fact that Twitter is making less money from its users than it did last quarter. Revenue per “thousand timeline views,” the metric Twitter has been using to explain how it turns eyeballs into cash, was $1.44 in Q1, down from $1.49 in the previous quarter.

But most likely Twitter stock is down — it has fallen 9 percent in after-hours trading — purely based on its user numbers. They’re up, but not as much as the Street would like. Until Twitter gives investors what it wants — or convinces them to accept a different number — this story isn’t going to change.

This article originally appeared on Recode.net.

We have a request

Most news outlets make their money through advertising or subscriptions. But when it comes to what we’re trying to do at Vox, there are a couple of issues with relying on ads and subscriptions to keep the lights on:

1. Advertising dollars go up and down with the economy. We often only know a few months out what our advertising revenue will be, which makes it hard to plan.

2. We’re not in the subscriptions business. Vox is here to help everyone understand the complex issues shaping the world — we believe that’s an important part of building a more equal society. And we can’t do that if we have a paywall.

It’s important that we have several ways we make money, and that’s why we ask readers for help keeping Vox free. Our goal today is for 47 Vox readers to pledge an annual financial gift to Vox to help us keep our work free for everyone. Will you become one of them?

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via