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."
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here