Twitter (TWTR) CEO Dorsey declines to comment on sale rumors; says board focused on creating value - Bloomberg
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Twitter Announces Third Quarter Results
October 27, 2016 7:02 AM EDTSAN FRANCISCO, Oct. 27, 2016 /PRNewswire/ --Â Twitter, Inc. (NYSE: TWTR) today announced financial results for its fiscal 2016 third quarter ended September 30, 2016.Â
The company posted quarterly revenue of $616 million, up 8% year-over-year. Quarterly GAAP net loss was $103 million, or ($0.15) per diluted share, with quarterly non-GAAP net income of $92 million, or $0.13 per diluted share. Average monthly active users (MAUs) were 317 million for the quarter, up 3% year-over-year and compared to 313 million in the previous quarter. Average daily active usage (DAU) grew 7% year-over-year, an acceleration from 5% in Q2 and 3% in Q1.
Advertising revenue totaled $545 million, an increase... More
