Twitter declared income above $ 1 billion

Twitter declared the fourth quarter revenue report for 2019.

The company, which has more than 152 million active users per day, declared $ 1.01 billion in revenue for the fourth quarter, for the first time in its history, it generated more than $ 1 billion in a quarter.

With the declaration of 2019 Q4 revenue, Twitter achieved an 11% revenue growth compared to last year. It is said that the biggest part of the income is ad sales.

Earnings per share was announced as $ 0.29, with an increase of 9.7% compared to the 4th quarter of 2018. Officials stated that the results of the 4th quarter were as expected, and they did not encounter any surprises.

20% Growth Expected in 2020

Twitter's estimate for the next quarter is between $ 825 million and $ 885 million. Part of this is due to the company's plans to invest at least 20 percent more in technology and increase the number of employees, especially in the fields of engineering, products, design and research, next year. The company announced that total costs and expenses, including income and all operating expenses, are expected to grow by about 20 percent in 2020.