Twitter third-quarter revenue rises 57.6 percent

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Reuters
Last Updated : Oct 28 2015 | 2:07 AM IST

(Reuters) - Twitter Inc reported a 57.6 percent rise in quarterly revenue as Chief Executive Jack Dorsey's turnaround strategy takes hold.

Revenue rose to $569.2 million from $361.3 million a year earlier. (https://bsmedia.business-standard.com1.usa.gov/1H8cHMH)

Net loss narrowed to $131.7 million, or 20 cents per share, in the third quarter ended Sept. 30 from $175.5 million, or 29 cents per share, a year earlier.

(Reporting by Lehar Maan in Bengaluru; Editing by Anil D'Silva)

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First Published: Oct 28 2015 | 1:49 AM IST