Twitter in the third quarter reduced the loss by 25%


Moscow. October 28. American company Twitter Inc., which owns the eponymous chain of microblogging, the third quarter has reduced the net loss by about a quarter.

According to the press release, net loss in July-September amounted to $131,69 million, or 20 cents per share, compared with a loss of $175,464 million, or 29 cents a share, recorded for the same period last year.

Adjusted profit in the last quarter amounted to 10 cents a share vs. 1 cent a year earlier.

Revenues Twitter grew by 58% to $569,237 million from $361,266 million

Analysts polled by FactSet on average had forecast adjusted profit of 5 cents a share on revenue of $559,8 million, according to MarketWatch.

Twitter plans to receive by the end of the current quarter revenue in the range of $695-710 million, reported. The consensus forecast of analysts for this indicator is $741 million.

The number of active users (active accounts at least once a month) according to Twitter as of 30 September reached 320 million people, which is 11% higher than at the same date a year earlier. At the end of June of the current year their number was around 316 million.

Stock quote Twitter in the course of electronic trading Tuesday fell by 11% after the publication of statements. The capitalization of the company since the beginning of the current year decreased by 13%.