Twitter has just reported it first-ever post-IPO earnings and they’ve significantly beaten analyst expectations, with Q4 2013 revenue of almost $243 million, up 116 percent year-on-year, and a positive earnings per share (EPS) of 2 cents.
Analysts had expected a loss of 2 cents per share and $218 million Q4 revenue.
Twitter also noted that mobile ads made up 75 percent of total revenues, up from 70 percent in Q3, and the platform now has 184 million mobile users, 76 percent of their total user base.
Overall, Twitter made a Q4 net loss of $511 million, and a net loss of $645 million for 2013 on $665 million revenue.
Twitter’s monthly active user (MAU) tally also rose to 241 million, up from 232 million in Q3 2013, but this is softer than expected, and the stock has fallen in after-hours trading.
“Twitter finished a great year with our strongest financial quarter to date,” said Dick Costolo, Twitter CEO. “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 underway to further build upon the Twitter experience.”
- Twitter's 'Digits' Will Let You Sign Up For Third Party Apps With Your Phone Number
- New From Twitter: Fabric, a Modular Mobile Platform for App Developers
- Flight, Twitter's First Mobile Developer Conference, Launches Today
- Saudi Cleric: Twitter is 'evil'