Twitter observes growth in revenues and net losses for Q3

Washington, Oct. 16 (ANI): Twitter's revenue reportedly rose to 168.6 million dollars and net losses increased to 64.6 million dollars in the third quarter.

The microblogging site's updated IPO filing indicated the growth in which the company's advertising revenue went up 39 percent from the June period to 153.4 million dollars, Fox News reports.

According to the report, the company's revenue and net losses for the same period last year were 82.3 million dollars and 21.6 million dollars respectively.

Twitter said that its monthly active users increased to more than 230 million in the September quarter from 215 million in the June period.

The microblogging site's highly anticipated public debut will see the company listing its shares on the New York Stock Exchange (NYSE), the report added. (ANI)


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