Twitter sees loss in quarter, almost double

Twitter sees loss in quarter, almost double

Photo: 123RF

Social network Twitter has in the last financial quarter of 2016 more than 167 million dollars (156 million euro) loss. That is almost double compared with the same quarter in 2015.

That turns out by Twitter-presented quarterly results (pdf). The techbedrijf made in the fourth quarter of 2015, the 90 million dollar loss.

The turnover within Twitter is in the quarter increased slightly. There was in the fourth quarter of 2016, more than 717 million dollars in turnover, while that in 2015 more than 710 million dollars.

The higher loss, according to Twitter to deal with bezuinigingsacties, that the company and the presentation of its previous quarterly results announced. When these cuts were also made to the Dutch office of the company is closed.

Throughout 2016, Twitter has less loss than in 2015. About 2016 was 457 million dollar loss. In 2015 was a loss of 521 million dollars reported.

The number of users on Twitter has increased slightly to 319 million active users. That is an increase of 2 million compared with the previous quarter. This seems to be the gebruikersgroei increasingly to stagnate.

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