Twitter profit drops in 4th quarter but user numbers rise

Image
AP San Francisco
Last Updated : Feb 06 2020 | 7:34 PM IST

Twitter reported Thursday that its fourth-quarter net earnings fell to USD 119 million from USD 255 million in the same period a year earlier.

The San Francisco-based tech company said it had net income of 15 cents per share. Earnings, adjusted for one-time gains and costs, were 17 cents per share.

The short messaging service posted revenue of USD 1.01 billion in the period, 11 per cent higher than a year ago.

For the whole year, Twitter posted net income of USD 1.47 billion on revenue of USD 3.46 billion.

The company had 152 million daily users in the latest quarter, up from 145 million in the previous quarter.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 06 2020 | 7:34 PM IST

Next Story