Twitter, Inc. announced financial results for the quarter and fiscal year ended December 31, 2014. Revenue for Q4 2014 totaled $479 million, an increase of 97% compared to $243 million in the same period in 2013.
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Advertising revenue totaled $432 million, an increase of 97% year-over-year. Mobile advertising revenue was 88% of total advertising revenue.
Data licensing and other revenue totaled $47 million, an increase of 105% year-over-year. International revenue totaled $164 million, an increase of 149% year-over-year. International revenue was 34% of total revenue.
GAAP net loss was $125 million for the fourth quarter of 2014 compared to a GAAP net loss of $511 million in the same period in 2013. GAAP net loss for the fourth quarter of 2014 included $177 million of stock-based compensation expense.
Adjusted EBITDA was $141 million for the fourth quarter of 2014, an increase of 216% compared to $45 million in the same period in 2013.
Non-GAAP net income was $79 million for the fourth quarter of 2014, an increase of 712% compared to $10 million in the same period in 2013.
Basic and diluted GAAP EPS was ($0.20) for the fourth quarter of 2014 compared to ($1.41) in the same period in 2013.
Non-GAAP EPS was $0.12 for the fourth quarter of 2014 compared to $0.02 in the same period in 2013.
Purchases of property and equipment for the fourth quarter of 2014 were $69 million. Additionally, $30 million of equipment was financed through capital leases during the fourth quarter of 2014.
As of December 31, 2014, cash, cash equivalents, and marketable securities were approximately $3.6 billion, compared to $3.6 billion as of September 30, 2014.
Average Monthly Active Users (MAUs) were 288 million for the fourth quarter, an increase of 20% year-over-year, which reflects a loss of approximately 4 million net Monthly Active Users in the fourth quarter due to changes in third party integrations.
Average Mobile MAUs represented approximately 80% of total MAUs. Timeline views reached 182 billion for the fourth quarter of 2014, an increase of 23% year-over-year.
Advertising revenue per thousand timeline views reached $2.37 in the fourth quarter of 2014, an increase of 60% year-over-year. ■