10/16/13

Twitter earns $153.4 million from ads in the third quarter

But the social network also reports a $64.6 million net loss.

Zak Stambor , Managing Editor

Twitter Inc., the social network that plans to go public, has reported a 123% year-over-year increase in ad revenue for the third quarter, but remains unprofitable.

The social network generated $153.4 million in ad revenue in the third quarter, up from $68.7 million in the same period a year earlier, according to a filing with the U.S. Securities and Exchange Commission. Twitter’s net loss grew to $64.6 million from $21.6 million a year earlier.

Twitter says it will list its shares on the New York Stock Exchange. That decision comes nearly a year and a half after Facebook began trading on the tech-heavy Nasdaq exchange.

For the third quarter ended Sept. 30, Twitter also reported:

For the first nine months of 2013, Twitter reported:

Topics:

e-commerce earnings, social marketing, social media, Twitter, Twitter advertising, web advertising

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