Twitter has reported its third quarter 2014 results that revealed that the company's shares are down by eight percent.
Twitter CEO said in a recent interview that his organization is among the fastest prospering businesses and it is also one of the biggest digital spaces for advertising. But due to some reason the fastest growing business is down by almost eight percent in the after-hours trading.
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According to the third quarter financial performance of Twitter, the website reported to have revenue of almost $361 million and their earning per share was almost $0.01. The news on the street was that Twitter would report an almost $0.01 profit per share on revenue of $351.35 million.
In the third quarter of the year Twitter broke from the market and fell by almost 3 percent in regular trading. However, the previous year the company’s revenue was up by almost 114 percent and the GAAP net income was $170 million. On the other hand the non-GAAP revenue was of $7 million in that particular quarter. Thus Twitter lost almost $0.29 per share on a GAAP base.
According to the most recent quarter, the major revenue of Twitter has been generated from mobile advertisement. Twitter produced almost 85 percent of its profit from numerous mobile advertisements. When compared to the previous quarter Twitter had generated $316 million in revenue and it had profits of two cents per share.
Twitter has been able to make a profit of $361 million in the third quarter, but because of the slowing user growth rate the shares have dropped by eight percent. However, there was an increase in MAUs (Average Monthly Active Users) by 23 percent year over year.
In the third quarter this amazing social media platform had almost 284 million active users. The timeline views reached up to 181 billion in the third quarter, which is equivalent to an increase of 14 percent year over year.
Last but not least, Twitter’s advertising revenue increased by 83 percent year over year. The advertising revenue reached up $1.77 per thousand timeline views in the third quarter of 2014.
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