Twitter's 'extraordinary year' sees record revenues

Sun Online Desk

10th February, 2021 12:53:00 printer

Twitter's 'extraordinary year' sees record revenues

Twitter has posted record revenues for the last quarter of 2020, capping off what its chief executive said was "an extraordinary year" for the platform.

The social messaging platform said revenue grew 28% to $1.29bn (£930m) compared to the last quarter of 2019.

In January, Twitter banned Donald Trump from the platform which analysts felt could have an impact this quarter.

"We're a platform that is obviously much larger than any one topic or any one account," boss Jack Dorsey said.

Twitter's fourth-quarter results beat analysts' expectations for earnings and revenue, but failed to meet them for user growth.