Twitter: a turnover of €1.24bn in 2014, but a net loss of €510.8m

The social network Twitter achieved a 2014 turnover of €1.24bn, an increase of 111% compared to 2013, according to a report released by the company on 05/02/2015. This strong increase in revenues is mainly due to higher advertising revenues, which reached €1.1bn in 2014, an increase of 109.6% compared to 2013 (€524.8m). Twitter reported a net loss of €510.8m in 2014 (+0.8% compared to €506.6m in 2013)

Twitter had 274.5 million monthly active users on average in 2014 across all platforms, an increase of 22.7% compared to 2013. With an average of 60.8 million monthly active users, America is the country with the most users of the social network. It makes 22.1% of the average number of monthly users in 2014.

• "We closed out the year with our business advancing at a great pace. Revenue growth accelerated again for the full year, and we had record quarterly profits [...] In addition, the trend thus far in Q1 leads us to believe that the absolute number of net users added in Q1 will be similar to what we saw during the first three quarters of 2014." said Dick Costolo, CEO of Twitter on…