RealTime IT News

Twitter Generated $665 million in 2013 Revenue

For the fourth quarter of 2013, Twitter reported revenue of $243 million, which is a 116 percent year-over-year gain. All that revenue, however, still doesn't mean that Twitter is profitable as the company reported a Net Loss of $511 million. For the full year, Twitter's revenue came in at $665 million, while the full year Net Loss was reported at $645 million.

Looking forward, Twitter provided guidance for the first quarter of 2014 for total revenue in the range of $230 million to $240 million. For full year 2014, Twitter expects total revenues of between $1.15 billion and $1.2 billion.

Twitter's CFO, Mike Gupta explained to analysts on the call what drives Twitter's business forward. Twitter's primary business drivers are reach, engagement and monetization.

Read the full story at Datamation:
How Twitter Will Grow in 2014

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.