Twitter is hoping that its new product Moments and a focus on video and advertising will help boost results in the future, as it reported another loss-making quarter.

“We’ve simplified our roadmap and organisation around a few big bets across Twitter, Periscope, and Vine that we believe represent our largest opportunities for growth,” Jack Dorsey, recently re-installed CEO, said.

It is clear that the company is heavily pinning its hopes on Moments. In an earnings call, Dorsey said the service was “a real fundamental shift in our thinking”, and “one of those bold new experiences that I think does question a bunch of our fundamentals around making Twitter a whole lot easier to understand”.

Moments takes an event and turns it into “one conversation piece that makes all of Twitter better,” he said, adding that it is “just one initiative around making Twitter to easier to understand, there will be many, many more to come over the year.”

However, Wedbush analysts said that “We have been singularly unimpressed with Moments, and view the service as no different or more interesting than a typical home page on any competing news site,” according to a Reuters report.

Also, Moments is only available in the US for now, with no clarity as to when it will get a global launch.

Dorsey said the company is working on an “international rollout strategy for the product” and wants “to get it to everyone as quick as we can” but doesn’t want to “to preannounce any markets or preannounce any product releases.”

 

Twitter, which has yet to post a profit, reported a net loss of $131.6 million in Q3 2015, down from $175.5 million last year. Revenue was $569 million, up 58 per cent year-on-year, but its revenue forecast for the fourth quarter was not very ambitious: around $695 million to $710 million.

“We continued to see strong financial performance this quarter, as well as meaningful progress across our three areas of focus: ensuring more disciplined execution, simplifying our services, and better communicating the value of our platform,” said Dorsey.

Monthly active users (MAUs) were up 11 per cent year-over-year to reach 320 million, with mobile MAUs representing approximately 80 per cent of the total figure.

In Q2, after posting a 15 per cent year-on-year increase in MAUs, Dorsey – then interim CEO – said he was “not satisfied” with user growth, so it is safe to assume he is still not happy.

Speaking about adding to its users base, Anthony Noto, CFO,  said “our products need to change in a fundamental way to appeal to that next cohort. Moments is the first of other product changes that we’re making that are fundamental to attracting that next cohort and simplifying the product.”