Scott Beale Twitter announced the financial results for its second quarter today, showing strong growth in average monthly active users. Although by Generally Accepted Accounting Principles (GAAP), Twitter posted a loss this quarter, non-GAAP numbers reflected a small profit that beat analyst expectations enough to send Twitter stock rising in after-hours trading. Revenue for the social media company was up 124 percent year-over-year to $312 million.
Big Q2 Growth In Tweeting Masses Has Investors Strong On Twitter
Megan Geuss, Ars Technica
Tue, 07/29/2014 - 6:12pm
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