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Twitter revenues, user base grow in Q3, losses widen
2013-10-16 09:21:00| Telecompaper Headlines
(Telecompaper) Twitter reported further growth in its user base in the third quarter, reaching an average 231.7 million monthly users compared to 218.3 million in the second quarter. In an amended SEC filing for its IPO, the company said it generated revenues of USD 168.2 million in the three months to September, up from 82.3 million a year ago thanks to the growth in the user base and the expansion of its advertising products such as promoted tweets. The company's net loss swelled to USD 64.9 million in the quarter from USD 21.7 million a year earlier. Twitter also announced that it will list on the New York Stock Exchange after the IPO.
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Category:Telecommunications