Twitter Narrows Losses

Of course there’s still a lot of work to be done, but it looks like Twitter has made a start on increasing its regular users and narrowing its net loss. “The company reported revenue of $569 million and a net loss of $132 million. It had issued guidance that it would generate $545 to $560 million in revenue and EBITDA of $110 to $115 million. The final EBITDA figure for the quarter was $142 million, so Twitter beat its forecasts for both that and revenue. During the same three-month period last year, Twitter booked $361 million in revenue and a net loss of $175 million.”