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The “hashtag” platform, Twitter, announced their first-quarter financial results for 2014, concluding with Marc...
The “hashtag” platform, Twitter, announced their first-quarter financial results for 2014, concluding with March 31. In the release detail, Twitter reported Q1 revenues of $250 million, which is a 119% increase compared to the same quarter revenue last year of $114 million. Dick Costolo, Twitter's CEO, announced, "We had a very strong first-quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth."
Of the total $250 million first-quarter 2014 revenue, $226 million came from advertising, whereas mobile advertising comprised about 80% of the advertising revenue. Data licensing and other revenues were $24 million, while international revenue amounted to $70 million, marking a 183% growth from last year.
Twitter's net loss in Q1 for 2014 was $132 million, or 23 cents per share. The company spent $50 million in the first-quarter to buy property and equipment, while during this quarter $17 million worth of equipment was funded by capital leases. Cash equivalents, cash, and marketable securities were reported at about $2.2 billion, as of March 31, 2014.
In the first-quarter, Twitter boasts 255 million average monthly active users, or a 25% increase year-over-year, and 198 million mobile monthly users, or a 31% increase compared to last year's quarter. Timeline views were 157 billion, marking a small 15% increase compared to last year. Advertising revenue from timeline views, per thousand, came to $1.44.
Twitter is constantly trying to improve the user experience, for both new and existing users. The mainstream platform recently launched a new profile redesign, which is similar to that used by Facebook, and still managed to add only 14 million users in Q1 2014. In the second-quarter, Twitter expects greater reach and scale.
For more details on Twitter's financial results, and its Q1 2014 earnings conference call, you can access Twitter's Investor Relations page.