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Twitter, Inc. (NYSE: TWTR) today announced financial results for the first quarter ended March 31, 2014.
Q1 revenue of $250 million, up 119% year-over-year Q1 net loss of $132 million and non-GAAP net income of $183 thousand Q1 GAAP EPS of ($0.23) and non-GAAP EPS of $0.00 Q1 adjusted EBITDA of $37 million, representing an adjusted EBITDA margin of 15%
"We had a very strong first quarter. Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth," said Dick Costolo, CEO of Twitter. "We also continue to rapidly increase our reach and scale. With the integration of MoPub, we now reach more than 1 billion iOS and Android users each month, making us one of the largest in-app mobile ad exchanges in the world and the only one at scale to offer native in-app advertising."
[url]Twitter Reports First Quarter 2014 Results: Revenue $250 million, Up 119pct[/url]
First Quarter 2014 Operational Highlights
Average Monthly Active Users (MAUs) were 255 million as of March 31, 2014, an increase of 25% year-over-year. Mobile MAUs reached 198 million in the first quarter of 2014, an increase of 31% year-over-year, representing 78% of total MAUs. Timeline views reached 157 billion for the first quarter of 2014, an increase of 15% year-over-year. Advertising revenue per thousand timeline views reached $1.44 in the first quarter of 2014, an increase of 96% year-over-year.