Twitter’s users are still growing at a slow rate, but its revenue is booming.
Today, Twitter reported fourth quarter earnings for 2014, with revenue of $479 million on non-GAAP earnings per share (EPS) of $0.12. Analysts had expected EPS of $0.06 and revenue of $453.14 million.
The catalyst of Twitter’s revenue growth is its advertising unit, which saw year-over-year growth of 97 percent.
Today, Twitter reported fourth quarter earnings for 2014, with revenue of $479 million on non-GAAP earnings per share (EPS) of $0.12. Analysts had expected EPS of $0.06 and revenue of $453.14 million.
The catalyst of Twitter’s revenue growth is its advertising unit, which saw year-over-year growth of 97 percent.