23.1 C
New York
Monday, June 24, 2024

Buy now

Twitter lost 936 million in 2020, after achieving a record turnover in the fourth quarter

The technology company Twitter, owner of the social network of the same name, registered a net loss of 1,135.6 million dollars (936 million euros) in 2020, compared to the gains of 1,465.6 million (1,208 million euros) registered in 2019 as a consequence of the accounting impact of the provisions made by the multinational.

Excluding a provision of $ 1.1 billion (€ 907 million) related to deferred tax assets and the corresponding tax impact for accumulated taxable losses mainly related to Covid-19, the company’s adjusted losses totaled $ 34 million. (28 million euros), while in 2019 the adjusted net profit when excluding tax benefits was 259 million dollars (213 million euros).

Twitter’s revenue for the year as a whole reached 3,716 million dollars (3,062 million euros), 7.4% more than a year earlier, while the company’s operating result was 26.6 million dollars ( 22 million euros), compared to 366.3 million dollars (302 million euros) in 2019.

In the fourth quarter, Twitter made a net profit of $ 222.1 million (183 million euros), 87% more than in the same period of 2019, after reaching a record quarterly revenue of 1,289 million dollars (1,062 million euros), 28% more than between October and December of last year.

In the last quarter of 2020, the number of monetizable active daily users of Twitter stood at 192 million, compared to 152 million in the same period of 2019, including 37 million in the United States and 155 million in the rest of the world.

Looking at the first quarter of 2021, Twitter is confident of achieving revenues of between 940 and 1,040 million dollars (775 and 857 million euros), with an operating result that will oscillate between losses of about 50 million dollars (41 million euros ) and the breakeven point (‘break even’).

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img

Latest Articles