Twitter Lost $69 Million On $254 Million In Revenue During The First Half Of This Year
Oct 4, 2013, 03:54 IST
Compared to other major tech companies, Twitter is pretty small.
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The company's IPO filing reveals that it lost $69 million on $254 million in revenue through the first six months of the year. Facebook earned $1 billion on $3.3 billion in revenue for the same period.
Twitter is growing faster, though. Its revenue was up 107% on a year-over-year basis, compared to Facebook which grew 46%.
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In this chart, you can see how Twitter's revenue, and losses have been growing through the years on a quarterly basis. As you can see, Twitter just started getting aggressive on revenue two years ago.
The majority of Twitter's revenue - 87% - comes from advertising. The rest is from data licensing.
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