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Twitter beats expectations again with users up 24% in Q2
2014-07-30 08:23:00| Telecompaper Headlines
(Telecompaper) Twitter reported second-quarter revenue of USD 312 million, up 124 percent from the year-earlier period and better than the company's forecast. Adjusted EBITDA rose to USD 54 million from USD 10 million, also well ahead of its guidance, while the net loss widened to USD 145 million from USD 42 million a year ago, mainly due to higher stock option expenses. Adjusted EPS was a profit of 2 cents a share, versus a loss of 12 cents a year earlier. Twitter continued to grow its user base, reaching 271 million monthly active users in the period, up 24 percent year-over-year. Mobile accounted for 78 percent of users and 81 percent of revenues. For the third quarter, the company forecast revenue of USD 330-340 million and adjusted EBITDA of USD 40-45 million. The group raised its outlook for full-year results to sales of USD 1.31-1.33 billion and adjusted EBITDA of USD 210-230 million.
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Category:Telecommunications