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Twitter Q3 revenue totaled $569 million, increase 58%

Staff writer ▼ | October 27, 2015
Twitter announced financial results for the quarter ended September 30, 2015. Revenue for the third quarter totaled $569 million, an increase of 58% compared to $361 million in the same period in 2014.
Twitter
Twitter   Total average Monthly Active Users (MAUs) were 320 million
Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased 64%.

Total average Monthly Active Users (MAUs) were 320 million for the third quarter, up 11% year-over-year, and compared to 316 million in the previous quarter.

Excluding SMS Fast Followers, MAUs were 307 million for the third quarter, up 8% year-over-year, and compared to 304 million in the previous quarter. Mobile MAUs represented approximately 80% of total MAUs.

GAAP net loss was $132 million for the third quarter of 2015 compared to $175 million in the same period in 2014. GAAP net loss for the third quarter of 2015 included $166 million of stock-based compensation expense.

Adjusted EBITDA was $142 million for the third quarter of 2015, an increase of 108% compared to $68 million in the same period in 2014. Non-GAAP net income – Non-GAAP net income was $67 million for the third quarter of 2015 compared to $7 million in the same period in 2014.

Basic and diluted GAAP EPS was ($0.20) for the third quarter of 2015 compared to ($0.29) in the same period in 2014.

Non-GAAP diluted EPS was $0.10 for the third quarter of 2015 compared to $0.01 in the same period in 2014.

Purchases of property and equipment for the third quarter of 2015 were $106 million. Additionally, $14 million of equipment purchases were financed through capital leases during the third quarter of 2015.

As of September 30, 2015, cash, cash equivalents, and marketable securities were approximately $3.5 billion, compared to $3.6 billion as of June 30, 2015.

Twitter's outlook for the fourth quarter of 2015 is as follows: revenue is projected to be in the range of $695 million to $710 million; adjusted EBITDA is projected to be in the range of $155 million to $175 million.


 

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