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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.


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