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Twitter Losses 175.5 Million in Third Quarter


10/30/2014 9:57:03 AM

(MENAFN- Qatar News Agency) Los Angeles October 28 (QNA) - Twitter posted a net loss of 175.5 million dollars in the third quarter up from a loss of 64.6 million dollars a year earlier the social net working service said Monday.



Revenue rose by 114% to 316.2 million dollars according to a company statement.

Despite the loss chief executive Dick Costolo said Twitter "had another very strong financial quarter." "I'm confident in our ability to build the largest daily audience in the world" he added.



The number of active monthly users increased by 23% to 284 million the statement said.

Twitter shares fell about 10% in extended trading following the announcement. (QNA)


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