Twitter Q1 results better than expected, raises FY outlook

Wednesday 30 April 2014 | 08:24 CET | News
Twitter reported first-quarter revenue of USD 250 million, up 119 percent from the year-earlier period and better than the company's guidance. Advertising revenue totaled USD 226 million, of which 80 percent came over mobile devices. The messaging company's net loss widened to USD 132 million or 23 cents a share, from USD 27 million or 21 cents a share a year ago. Adjusted EBITDA came in at USD 37 million, versus USD 18 million, also better than expected. Twitter said it had a strong quarter, with revenue growth accelerating thanks to increased engagement and user growth. With the integration

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