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Twitter Reports 104% Revenue Increase

Jim EdwardsOct 16, 2013, 03:19 IST

Flickr/Ford SchoolDick Costolo, CEO of Twitter

Twitter's Q3 2013 revenue was $167 million, up 104% from the year before, according to an amended S-1 filing with the SEC. Twitter's IPO is expected on Nov. 15.

The company reported $422 million in revenue for the first nine months of the year.

That puts it on course to go well over $500 million in revenue for 2013.

Twitter also reported a bigger user base: It now has 232 million monthly average users.

MAUs in the U.S. increased to 53 million, up from 49 million in Q2.