Twitter generated $ 3.7 billion in revenue in 2020


Social networking Twitter’s revenue in 2020 increased by 7 percent compared to the previous year and reached 3.72 billion dollars.

Twitter announced its balance sheet for the fourth quarter of 2020.

Accordingly, the company’s revenue in the last quarter of last year increased by 28 percent compared to the same period of the previous year, reaching 1.29 billion dollars. The company had a revenue of $ 1 billion in the fourth quarter of 2019.

Twitter’s revenue in 2020 increased by 7 percent compared to the previous year and reached 3.72 billion dollars. The social network generated $ 3.45 billion in revenue in 2019.

The profit made by the company in the last quarter of 2020 increased by 87 percent compared to the same period of the previous year and reached 222 million dollars. Twitter’s profit was calculated as $ 118.7 million in the last quarter of 2019.

Twitter made a loss of $ 1.14 billion in 2020. The company made a profit of $ 1.47 billion in 2019.

On the other hand, the number of daily active users of Twitter in the fourth quarter of last year increased by 27 percent compared to the same period of the previous year and reached 192 million.