Jump to content

Twitter reports revenue over $1 billion for the first time in Q4 2019

Recommended Posts


Twitter reports revenue over $1 billion for the first time in Q4 2019



Twitter has released its financials for the fourth quarter of 2019. It reported total revenue to be $1.01 billion in Q4 which was in the high-end region of its guidance range. It said this is the first time that it has delivered $1 billion in quarterly revenues. It said the United States made up $591 million of the revenue, an increase of 17% compared to the year before; this was driven by a 20% growth in U.S. advertising revenue.


Commenting on the results, Jack Dorsey, Twitter’s CEO, said:

“2019 was a great year for Twitter. Our work to increase relevance and ease of use delivered 21% mDAU [(monetizable Daily Active Usage)] growth in Q4, with more than half of the 26 million mDAU added in 2019 directly driven by product improvements. Entering 2020, we are building on our momentum – learning faster, prioritizing better, shipping more and hiring remarkable talent. All of which put us in a stronger position as we address the challenges and opportunities ahead.”

With the fourth-quarter results in, Twitter was able to reveal that the firm’s revenue for the whole year was $3.46 billion which represents a 14% increase year-over-year. While it may seem like a lot, costs and expenses still need factoring in. The yearly costs and expenses totalled $3.09 billion (+19% year-over-year) which left an operating income of $366 million and an 11% operating margin.


This year, the company said that it has four main objectives to drive its work, these are:

  • Increasing development velocity and trust
  • Increasing healthy public conversation
  • Increasing revenue durability
  • Enabling anyone, anywhere to work at Twitter

To achieve these goals, the firm wants to increase its workforce by 20% or more this year, especially in engineering, product, design, and research roles. This growth, and previous investment decisions, will see costs and expenses grow by 20% in 2020. One such investment will see it build a new data centre this year which will add capacity “to support audience and revenue growth”. On the back of these financials, Twitter's share price rose from the $33 range to around $39.



Source: Twitter reports revenue over $1 billion for the first time in Q4 2019 (Neowin)

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...