In an updated filing, Twitter revealed that it has more than doubled its third quarter revenue compared to the same period last year, although losses also rose.
Twitter saw revenue of $168.6 million in Q3 2013 (through end September), up from $82.3 million a year ago. Net loss increased to $64.6 million – three times the Q3 loss of 2012 ($21.6 million).
However, measured against Q2′s 218 million active user total, Q3 saw an active user increase of just 5.5 percent, which is a noticeable slowing on the last five quarters, and continues the quarter-on-quarter descent from Q1 March, when Twitter added more than 10 percent of its user base.
- Twitter Launches Mobile App Promotion Suite
- Twitter, Sky Team Up To Let You #WatchOnSky
- Twitter Stock Rallies More Than 11% After Gnip Acquisition
- Twitter Buys Gnip, Promises To Make Data More Accessible