Twitter reveals its numbers: revenue is growing fast, but it’s not yet profitable

Twitter has made public its S1 filing, the document filed with the Securities and Exchange Commission which contains the financial details and user metrics of its business. It has 215 million monthly active users, as compared to Facebook’s more than one billion. The company is not profitable. “From the six months ended June 30, 2012 to the six months ended June 30, 2013, revenue increased by 107% to $ 253.6 million, net loss increased by 41% to $ 69.3 million.”

The company actually filed for its IPO with the SEC all the way back in July, but didn’t reveal its plans until September. Twitter did this by taking advantage of a new “confidential” IPO process made possible by the passage of the JOBS Act.

Twitter hoped that by keeping its…

Continue reading…

The Verge – All Posts

Leave a Comment