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Twitter revenues surge 114% to USD 361 mln in Q3
2014-10-28 08:49:00| Telecompaper Headlines
(Telecompaper) Twitter said third quarter revenues soared 114 percent from the year before to USD 361 million, higher than the company's forecast of USD 330-340 million. The net loss meanwhile widened to 175.4 million from a loss the year earlier of 64.6 million, with the diluted net loss per share narrowing to 0.29 from a loss of 0.48 and the EBITDA rising to 68.3 million from 9.2 million. Twitter's user base grew 23 percent to 284 million monthly active users, with mobile accounting for 80 percent of users and 85 percent of revenues. Timeline views reached 181 billion, up 14 percent from the year before, with advertising revenue per thousand timeline views up 83 percent to USD 1.77. For the fourth quarter, the company is guiding for revenue of USD 440-450 million and adjusted EBITDA of USD 100-105 million. The group raised its full year outlook for revenues at USD 1.365-1.375 billion and adjusted EBITDA of USD 260-265 million.
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Category:Telecommunications