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Twitter released its fourth quarter and 2020 fiscal year results overnight. Q4 revenue was US$1.29 billion, up 28% year-on-year (YoY). Q4 advertising revenue was US$1.15 billion, up 31%. User numbers hit 192 million in Q4, a 27% increase YoY. The numbers beat Wall Street expectations.
Twitter’s CFO Ned Segal said it was a better-than-expected performance across all major products and geographies.
“We made significant progress on our brand and direct response products in advance of the recent relaunch of our Mobile Application Promotion (MAP) offering.