Twitter has revealed its latest earnings for Q2 2014. The numbers are positive and looks like Twitter’s ongoing and primary concern of user growth has been tackled for now.
Twitter says it has an average of 271 million monthly active users, compared to 255 million in the first quarter of this year. Twitter also has 211 million active users on mobile which represents 78% of all active users. This also means an increase of 29% for mobile on year-over-year.
Twitter has also said that Timeline views reached 173 billion for the second quarter of 2014, an increase of 15% year-over-year. With Advertising revenue per thousand timeline views reached $1.60 in the second quarter of 2014, an increase of 100% year-over-year.
Revenues for Twitter in Q2 2014 touched $312 million, an increase of 124% compared to $139 million in the same period last year. Advertising revenue totaled $277M, with Mobile advertising revenue bundling to 81% of total advertising revenue.
Twitter should be happy since there has been 129% year-over-year increase of advertising revenue. International revenue that totaled to $102 million forms 33% of the total revenue.
Twitter should be happy with the earnings report as it has seen a drive in International users as well as revenues spiking too. The company in last six months has improved the user experience, introduced multiple advertising opportunities and has also made changes in the management.
The results are showing up and Wall Street is happy too.