Twitter recorded its biggest loss ever in the third quarter, but revenue per user keeps rising

October 15, 2013
October 15, 2013
Tap image to zoom

Twitter’s amended IPO filing, which it just filed, updates the company’s financial performance through the end of September 30. Think of it as Twitter’s third-quarter earnings report.

Overall, revenue in the third quarter was $169 million, up 17% from the previous quarter and 51% from the same quarter a year prior. But Twitter was still in the red, reporting a loss of $65 million, its largest quarterly loss ever.

Still, Twitter’s average revenue per user ticked up to 72 cents, even though the average user checked her timeline 1% less frequently compared to the previous quarter. The reason is that the revenue Twitter earned for every 1,000 timeline views grew from 80 cents to 97 cents between the second and third quarters.

Top News

Powered by WordPress.com VIP
Follow

Get every new post delivered to your Inbox.

Join 20,949 other followers