0161 215 3700
0800 458 4545
0800 230 0032
0161 215 3711

Twitter Reports Loss Yet Growth in Numbers

Twitter Reports Loss Yet Growth in Numbers

The social networking service has reported a loss of $145m during the second quarter from March to June.

The loss is more than triple the loss the company reported during the same period a year ago.

However, Twitter reported its user growth increased by 24% compared to results last year.

Twitter said it had 271 million monthly users - trampling on investor fears that the service is not growing fast enough.

Noting Twitter's strong user figures during the World Cup, Chief executive Dick Costolo said: "Our strong financial and operating results for the second quarter show the continued momentum of our business."

Twitter added, that more than 78% of its clients access the service on their mobile devices.

print this article

Return to internet news headlines
View Internet News Archive

Share with: