Twitter posts first-ever $1bn quarterly revenue
Twitter on Thursday posted first-ever quarterly revenue of $1.01 billion, up 11 per cent, riding on strong performance across most major geographies, with particular strength in US advertising.
However, in the fourth quarter of 2019, its operating income totalled $153 million, or 15 per cent of total revenue, compared to $207 million, or 23 per cent for the same period in 2018.
Its net income for the fourth quarter of 2019 went down to $119 million, with a diluted earnings per share of $0.15, compared to net income of $255 million with diluted EPS of $0.33 in the same period a year ago.
