Twitter reports over 270 million monthly active users
July 30 , 2014
Twitter has reported a doubling of sales to $312.2m, exceeding analysts’ estimates.
The number of monthly active users of the social media network touched 271m at the end of June, 24% higher than 2013.
Twitter’s shares rose 30% after the announcements in after-hours trading.
“We had a very strong first quarter,” said chief executive Dick Costolo. “Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth.”