Twitter Q4 revenue surpasses predictions, while new user count disappoints
By Nesh Pillay
Twitter released its Q4 earnings report and while the popular social network’s user growth was less than pleasing, it reported earnings that exceeded expectations last quarter.
While Twitter reported 288 million returning users overall, it revealed that there were only four million new users since lastquarter. The number of regular users still falls far behind Facebook, which has more than five times more users.
Still, Twitter received $479m in revenue this quarter, which is a 97 per cent increase from last year’s $243m, and $24m more than the expected amount.
Twitter has come under some scrutiny after chief executive officer, Dick Costolo’s entire Read full story ›
Source: The Drum




