Twitter revenues more than double on advertising sales, user growth

July 30, 2014 - 2:11:20 pm

LOS ANGELES: The online messenger service Twitter reported a quarterly revenue of 312 million dollars, a 124-per-cent increase compared to 139 million dollars a year earlier, the San Francisco based company said.

Much of the revenue boost came from a 29 per cent increase in advertising sales.

Active members reached 271 million as of June 30, an increase of 24 per cent compared to the same period a year earlier.

Shares jumped 35 per cent to over 52 dollars in extended trading following the announcement.

The rapid increase of users was closely watched by investors. (QNA)