Twitter Obtained $ 1 Billion

World-renowned social network Twitter's revenue in the last quarter of last year increased by 11 percent on an annual basis and reached $ 1 billion for the first time in the company history.

According to the company statement, Twitter's revenue in the fourth quarter of 2019 increased by 11 percent compared to the same period of the previous year, to $ 1.01 billion. With this amount, the company has generated revenue of 1 billion dollars for the first time in 3 months. Twitter's net profit in the October-December 2019 period was $ 119 million. The company's net profit for the same period of the previous year was calculated to be $ 255 million.

Number of daily users reached 152 million

The company also increased its revenue across 2019 by 14 percent compared to the previous year. The firm's revenue last year was recorded as $ 3.46 billion. The statement also included the average number of active users of the social network in the last quarter of last year. Accordingly, Twitter's average number of daily users in the fourth quarter of last year increased to 152 million. This number was recorded as 126 million in the same period of the previous year. The company's revenue expectation for the first quarter of this year is expected to be between $ 825 million and $ 885 million. "