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Twitter quarter revenue hits $1 billion

All Naija Entertainment

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Twitter has hit $1 billion in quarterly revenues for the first time in its history, as the company boasted improved advertising income and sizable increase in active users.

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The social networking giant announced its Q4 2019 financial and user metrics this morning, revealing revenues of $1.01 billion — a year-on-year (YoY) increase of 11% on the record $909 million reported last year, and a quarter-on-quarter (QoQ) rise of around 22% compared to Q3 2019.

As per usual, the bulk of Twitter’s income emanates from advertising, which constituted $885 million, or 88%, of its revenue during the last quarter. This was an annual increase of 12%, with Twitter noting that its domestic U.S. market underpinned much of this uptick.

“We reached a new milestone in Q4 with quarterly revenue in excess of $1 billion, reflecting steady progress on revenue product and solid performance across most major geographies, with particular strength in U.S. advertising,” noted Twitter CFO Ned Segal.

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Twitter beat analyst estimates on both revenue and users — it hit 152 million monetizable daily active users (mDAU) during the last quarter, up 21% on the 126 million reported last year and 5% on the previous quarter.


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