Twitter boosts revenue, users, but still profitless in latest quarter
Published on Apr 30, 2014 5:19 AM
NEW YORK (AFP) - Twitter on Tuesday reported a US$132 million (S$165.7 million) loss in the first quarter, while revenues rose sharply and the popular messaging platform boosted its user base.
The company said revenues grew 119 per cent from a year ago to US$250 million, and its monthly active users rose to 255 million.
"We had a very strong first quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth," said chief executive Dick Costolo.
"We also continue to rapidly increase our reach and scale."
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