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SAN FRANCISCO, Calif. - April 28, 2015 - Twitter, Inc. (NYSE: TWTR) today announced financial results for the quarter ended March 31, 2015, and outlined lower 2015 expectations.
Q1 revenue of $436 million, up 74% year-over-year, slightly below the previously forecast range of $440 million to $450 million. Excluding the impact of year-over-year changes in foreign exchange rates, total revenue would have increased 80%.
Q1 net loss of $162 million and non-GAAP net income of $47 million
Q1 GAAP EPS of ($0.25) and non-GAAP EPS of $0.07
Q1 adjusted EBITDA of $104 million, above the previously forecast range of $89 million to $94 million, representing an adjusted EBITDA margin of 24%
Twitter's first quarter revenues were affected by a lower-than-expected contribution from its newer direct response products. The Company expects this revenue impact to continue for the remainder of the fiscal year as outlined in the outlook section below. Twitter Posts Q1, 2015 Revenues of $436 Million, Up YoY, But Lower Than Expected [investor.twitterinc.com]