Twitter ramps up revenue, but still suffers significant losses
Company Twitter reported for the fourth quarter of 2016 financial year and the whole year.
Revenue for the quarter was $ 717 million, corresponding to growth in annual terms by 1%. For the full year, the company bailed out of 2.53 billion dollars, which is 14% higher than a year earlier.
Despite this, the company remains unprofitable. The net loss for the quarter amounted to 167 million to $ 90 million a year earlier. At the end of the year, the loss was equal to 457 million to $ 521 million in 2015.
The monthly number of active users in the past quarter amounted to 319 million, which is 4% higher than a year earlier. Of these, 83% were mobile device users.