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Wireless

Twitter posts Q3 loss on lawsuit costs, revenues still up 37% as iOS 14 impact limited

Wednesday 27 October 2021 | 09:25 CET | News
Twitter reported third-quarter revenues of USD 1.28 billion, up 37 percent year over year. While growth slowed from the previous quarter's strong rate, revenues were in line with the company's guidance. Twitter booked an operating loss of USD 743 million, hurt by the settlement of an investors lawsuit, but adjusted operating profit of USD 23 million was better than expected.

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