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Twitter hits $1 billion in revenue as it draws in more users – Source CNET Tech


Twitter announced its first billion-dollar quarter.

James Martin/CNET

Twitter on Thursday posted better than expected quarterly revenue, a surge that comes as the social network tries to distinguish itself by banning political ads. It was Twitter’s first billion-dollar quarter.

The company also continues to attract new users. In the fourth quarter, the number of monetizable daily active users — people who log into the site daily and see ads — hit 152 million, up nearly 21 percent from the 126 million in the same period last year. 

“Q4 was a strong finish to the year,” Twitter CFO Ned Segal said on a conference call with Wall Street analysts Thursday morning. The growth in daily users, he said, “was largely driven by…

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Source CNET Tech

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