Boston, MA 05/05/2014 (wallstreetpr) – Recently, Twitter Inc (NYSE:TWTR) had made an announcement that it would be releasing the results of quarter one of 2014. The company has already released the results, and the webcast of the conference call is available on the official website of the company.
Releases Q1 results
Twitter had released the results of the first quarter of this year on April 29, 2014. The results were declared after the close of the market. Twitter also conducted a conference call on the same day in order to facilitate a discussion of the financial results with the persons from the media and other interested parties. All in all, the results reported by the company look positive and Twitter has shown growth as compared to its previous year’s performance.
Twitter Inc (NYSE:TWTR) has reported a total revenue of about $250 million in this quarter. This increased by a huge 119% as compared to the last year’s revenue in Q1. The net loss reported by Twitter in this quarter is the total sum of $132 million and the company has also reported a non-GAAP earning of $183 thousand.
Twitter reports a GAAP earning per share equal to $0.23 and a non-GAAP earning per share of $0.00 has been reported by the company. Twitter has also reported a huge revenue from advertisements, which equal to $226 million, which has increased by a whopping 125% as compared to the previous year’s Q1.
The Chief Executive Officer of the company called,Dick Costolo said that the company has reflected a very strong beginning at the start of this year. He also reported that the results show accelerated growth on a year-over-year basis. Twitter has also seen an increased engagement of the users and increased user growth in this quarter. The CEO also reported that Twitter Inc (NYSE:TWTR) has expanded in terms of reaching out new customers and revealed that Twitter now has a user base of more than 1 billion who use iOS and Android.
