(Reuters] -Twitter Inc. has sold to Elon Musk for $44 billion. The company said that on Thursday it gained more users than Wall Street anticipated, even though revenues were slightly less than expected.

Given the acquisition in progress, the company withdrew any previously set goals or outlook.

According to the company, daily active users increased by 229 million in March 31st from 199million a year ago. On average, analysts had predicted 226.8 millions daily active users.

Twitter (NYSE 🙂 has had a difficult time shaking off its stagnation user base. It has worked to increase its targeting and measure of ads, as well as testing different e-commerce advertising formats. Additionally, it has spent aggressively on initiatives like video advertisements.

Musk did not make clear his plans for “fixing and improving” Twitter. However, he spoke about subscription-based businesses and crackdowns on bot accounts.

According to Refinitiv’s IBES data, it reported $1.2 billion in revenue, which is lower than the average analyst estimate of $1.23 trillion.

From $68million, which was 8 cents per shares a year ago, its net income increased to $513.3million, or 61c per share.

Stocks of the San Francisco-based firm rose by 0.7% during trading that began before the bell.