Twitter beats expectations again with users up 24% in Q2

Wednesday 30 July 2014 | 08:23 CET | News
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

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Categories: Internet / Mobile & Wireless
Companies: Twitter
Countries: World
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