Twitter Revenues More than Double on Advertising Sales, User Growth

Los Angeles, July 30 (QNA) – The online messenger service Twitter reported a quarterly revenue of 312 million dollars, a 124-per-cent increase compared to 139 million dollars a year earlier, the San Francisco based company said .

Much of the revenue boost came from a 29 per cent increase in advertising sales.

Active members reached 271 million as of June 30, an increase of 24 per cent compared to the same period a year earlier.

Shares jumped 35 per cent to over 52 dollars in extended trading following the announcement. The rapid increase of users was closely watched by investors.(QNA)

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