iWorld

×

Q2-2015: Twitter sees 61% revenue growth, ad revenue up 63.2%

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/internet-images/2015/07/31/Untitled-1.jpg?itok=-Se5PWFh

BENGALURU: Twitter, Inc. reported 60.9 per cent growth in revenue for the quarter ended 30 June, 2015 (Q2-2015) at $502.38 million as compared to the $312.17 million in the corresponding year ago quarter. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased 68 per cent says Twitter.Advertising revenue increased 63.2 per cent to $452 million as compared to $277 million in Q2-2014.

GAAP net loss of $136.66 million in Q2-2015 was lower than the net loss of $144.64 million in Q2-2014, while non-GAAP income in the current quarter was $48.52 million as compared to the $14.60 million in the corresponding year ago quarter. Adjusted EBIDTA for Q2-2015 at $120.19 million more than doubled (up 2.2 times) as compared to the $54.13 million in Q2-2014.

“Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience. However, product initiatives we've mentioned in previous earnings calls, like instant timelines and logged-out experiences, have not yet had meaningful impact on growing our audience or participation. This is unacceptable and we're not happy about it. In order to realize Twitter’s full potential, we must improve in three key areas: ensure more disciplined execution, simplify our service to deliver Twitter's value faster, and better communicate that value,” said Twitter interim CEO Jack Dorsey.

YTD, Twitter’s revenue increased 66.6 per cent to $938 million in Q2-2015 from $563 million in the six month period ended 30 June, 2014 (6M-2014). Ad revenue in 6M-2015 increased 67 per cent to $840 million as compared to the $503 million in 6M-2014. GAAP Net loss in 6M-2015 increased to $299.10 million as compared to the net loss of $277 million in the corresponding period of last year. Non GAAP net income in 6M-2015 increased to $95.03 million as compared to the $14.80 million in 6M-2014. YTD EBIDTA increased to $224.21 million as compared to the $91.08 million in 6M-2014.

Twitter says that Monthly Active Users - Average Monthly Active Users (MAUs) were 316 million for Q2-2015, up 15 per cent y-o-y, and compared to 308 million in Q1-2015. The vast majority of MAUs added in the quarter on a sequential basis came from SMS Fast Followers. Excluding SMS Fast Followers, MAUs were 304 million for Q2-2015, up 12 per cent y-o-y, and compared to 302 million in Q1-2015. Mobile MAUs represented approximately 80 per cent of total MAUs.

In Q2-2015, Twitter launched a new autoplay feature for native videos, Vines and GIFs, as well as Periscope live video streaming on Android.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/hotstar_800.jpg?itok=qGIwCful
Hotstar withdraws as an associate sponsor of IPL

Hotstar, Star India's online streaming platform, has withdrawn as an associate sponsor of the Indian Premier League (IPL).

iWorld Video On Demand
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/Paytm_800.jpg?itok=aaA48s4J
Paytm to offer content, news, short videos & live TV from September

Paytm will offer content, news, short videos and live television from September with an aim to increase its monthly active user base to 250 millions.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/anand.jpg?itok=G0rZnb_8
ZEE5 Global kickstarts its partnership with LuLu in the Middle East with their "Celebrating India" Festival

ZEE5 Global has kickstarted its partnership with LuLu, the top retailer in the Middle East, by powering their bi-annual Indian-themed festival “Celebrating India” rolling out across its stores in the UAE, coinciding with the Indian Independence Day. The week-long festival will highlight food,...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/mxplayer.jpg?itok=adkstlbx
MX Player’s first integrated content partnership proves to be a success

MUMBAI: Carving a niche for themselves in the OTT market, MX Player - India’s largest entertainment platform, believes in curating content that provides ‘Everytainment’ to its viewers. The app which integrates the local media player with a wide library of online content and music on the same...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/Alexa-ALTBalaji.jpeg?itok=4ekS97_r
ALTBalaji’s apharan now available for Amazon Alexa users

MUMBAI: “Kehte hain jaane waale laut kar nahin aate. Galat kehte hain!”, this popular dialogue from Apharan on ALTBalaji is just one of the many reasons why, one of the best suspense thrillers in the Indian OTT space enjoys such a high mass appeal. As massification of OTT grips the nation and the...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/snapdeal.jpg?itok=B6YmKrkd
Snapdeal launches Voonik’s apparel on its platform

MUMBAI: Snapdeal, India’s leading value-focused marketplace, has launched over 350 products from the fashion brand Voonik on its platform. The products include bestsellers from apparel and footwear categories, including kurtis, tops, dresses and bottom wear for women, and footwear, T-shirt, shirt...

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/zee5.jpg?itok=bcXG5azV
ZEE5 curates & creates special content this independence day

MUMBAI: This Independence Day, ZEE5, India’s fastest growing OTT platform premieres two original web series– Gondya Ala Re in Marathi and Satyameva Jayate in Bengali. The platform has also acquired rights for the world digital premiere of the critically acclaimed The Tashkent Files. In addition to...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/videotex.jpg?itok=TukOQbz3
ZEE5 partners with Videotex international

MUMBAI: ZEE5, India’s fastest growing OTT platformpartners withVideotex International Pvt. Ltd., one of the largest ODM/OEMs of LED TVs in the country. ZEE5 will now be available onSmart TV brands Daiwa, Shinco&VideotexInternationalassociated customers. This collaboration enables ZEE5 to be pre...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/jio.jpg?itok=5CHn9TVR
Jio and Microsoft announce alliance to accelerate digital transformation in India

MUMBAI: Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

iWorld Broadband

Sign up for our Newsletter

subscribe for latest stories