In its first financial results post-IPO, social media platform Twitter reported fourth-quarter revenues of US$242.2m, up 116pc year-over-year. The company also revealed it had reached 241m active users worldwide.
The company, which went public in November and employs more than 2,000 people worldwide, including 140 in Dublin, still has some way to go to reach profitability. Twitter reported a Q4 net loss of US$511m.
“Twitter finished a great year with our strongest financial quarter to date,” said Dick Costolo, CEO of Twitter.
“We are the only platform that is public, real-time, conversational and widely distributed and I’m excited by the number of initiatives we have under way to further build upon the Twitter experience.”
The social network reported monthly active users had reached 241m, up 30pc on last year.
Mobile active users were the majority of Twitter’s user base, reaching 184m, a 37pc increase year-on-year.
Timeline views reached 148bn in the fourth quarter, up 26pc.
Advertising revenue per 1,000 timeline views stood at US$1.49, up 76pc.
During Q4, Twitter made its platform more accessible to a broader range of advertisers by launching its self-serve advertising platform to small and medium-sized businesses in the UK, Ireland and Canada.
The San Francisco, California, company also closed the acquisition of MoPub, Inc, a mobile-focused advertising exchange, making it easier for its advertisers to automate and scale their advertising buys.
Twitter bird image via Shutterstock