Twitter post Q3 earnings of $569m, but $132m loss
Twitter has announced its latest quarterly results with revenues of $569m for the three months to 30 September equating to a 58 per cent year on year rise, but also resulting in a net loss of $132m, as marketers continue to doubt the efficacy of the social network as an advertising medium.
The results, the first quarterly earnings release after co-founder Jack Dorsey was confirmed as its full-time CEO, also revealed that Twitter’s total average monthly active users (MAUs) numbered 320 million, a rise of 11 per cent year on year with mobile MAUs amounting to 80 per cent of Read full story ›
Source: The Drum
