Published 20:04 IST, February 6th 2020
Twitter profit drops in 4th quarter but user numbers rise
Twitter reported Thursday that its fourth-quarter net earnings fell to $119 million from $255 million in the same period a year earlier.
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Twitter reported Thursday that its fourth-quarter net earnings fell to $119 million from $255 million in the same period a year earlier.
The San Francisco-based tech company said it had net income of 15 cents per share. Earnings, adjusted for one-time gains and costs, were 17 cents per share.
The short messaging service posted revenue of $1.01 billion in the period, 11% higher than a year ago.
For the whole year, Twitter posted net income of $1.47 billion on revenue of $3.46 billion.
The company had 152 million daily users in the latest quarter, up from 145 million in the previous quarter.
20:04 IST, February 6th 2020