updated 08:11 pm EST, Wed February 5, 2014
Revenue per user climbing, but not enough to stem tide of red ink
Twitter today announced financial results for the fourth quarter and fiscal year. The microblogging service posted revenue of $243 million, up 116 percent from the year-ago-quarter, with a net loss of $511 million. On the year, the company posted $665 million in revenue, with a net loss of $645 million. On the results, which included slowing subscriber growth, Twitter stock took a beating, falling 17 percent to $54.40, eradicating millions of dollars from the company's worth in hours.
Average Monthly Active Users (MAUs) were 241 million, an increase of 30 percent. Mobile active users reached 184 million in the fourth quarter of 2013, representing 76 percent of total. Advertising revenue per thousand timeline views reached $1.49 in the fourth quarter of 2013, an increase of 76 percent year-over-year.
The company expects revenue between $230 million and $240 million in the first quarter. For the year, Twitter expects to pull in $1.15 billion to $1.2 billion.