Twitter closes 2013 with $ 645 million net loss

The social network Twitter ended 2013 with $ 645 million of net losses , number eight times higher than the losses in 2012 and meets the guaranteed equity compensation to employees in the year of its IPO , the company said today .

Twitter entered in the last 12 months 664 million dollars, up 109.7 % from the same period last year , of which more than a third , 242 million , were originated between October and December.

In annual terms , Twitter ‘s quarterly revenue rose 116.1 % while net losses, without discounting the stock effect , increased from just over $ 8 million in the last quarter of 2012 to 511,000,000 for the same period of 2013 .

Twitter debuted on Wall Street in November with a share price of $ 26. Today their securities ended the session at $ 65.9, but plummeted to 13 % once the economic results of the Californian company are met.

The numbers are kinder to the social network by removing the impact of financial items , depreciation , taxes and depreciation.

Disregarding these expenses , Twitter would have nearly quadrupled its revenues in 2013 and have moderate losses , which would be $ 34 million , 2.4% lower than those recorded in 2012, and even had generated profits in the last quarter year , $ 9 million .

Those figures beat expectations of analysts , however , were concerned about the slow growth of Twitter users just 9 million in the last quarter compared with the previous quarter.

Especially was this fact , not expected losses , which sank the stock market value of Twitter in the negotiations after hours .

” Twitter ended a great year with our strongest quarter to date ,” said company CEO Dick Costolo said in a statement .

Twitter ended 2013 with 241 million monthly active users , 30 % in 2012 , of which 76% access the social network via mobile .

Between October and December , Twitter ‘s advertising revenue rose 76 % yoy .