Twitter Recorded A Loss Of 132 Million While The Number Of Users Grows

Posted On 02 May 2014
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Tag: Twitter faced loss in first quarter, Twitter recorded loss of 132 million

Lost money but gained Twitter users.

Twitter announced a loss of $ 132 million in the first quarter, while revenue more than doubled and the number of users grew strongly up to 255 million.

The company said revenues grew by 119% over the same period last year, to $ 250 million, and the number of active users reached 255 million.

These results translate into zero earnings per share when analysts were expecting 3 cents.

Revenues, meanwhile, more than doubled to 250.49 million dollars, up from the 241.4 million dollars expected figure.

In electronic trading after hours, Twitter’s action fell 9.43% to $ 38.60, at 20H30 GMT.

The number of users is 25% higher than a year ago, in late March.

The number of queries called ‘timeline’, the sequence in which users read email from other members of the network, grew less, 15%, to 157,000 million hits in the first quarter.

The group confirmed its forecast for revenue of between $ 1,200 and 1,250 million this year, of which between 270 and 280 million in the second quarter.

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