Twitter Reports 104% Revenue Increase

Twitter’s Q3 2013 revenue was $US167 million, up 104% from the year before, according to an amended S-1 filing with the SEC. Twitter’s IPO is expected on Nov. 15.

The company reported $US422 million in revenue for the first nine months of the year.

That puts it on course to go well over $US500 million in revenue for 2013.

Twitter also reported a bigger user base: It now has 232 million monthly average users.

MAUs in the U.S. increased to 53 million, up from 49 million in Q2.

Follow Business Insider Australia on Facebook and Twitter

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

sai-us twitter