In the most recently reported fiscal period, the social network's annual net loss amounted almost 1.14 billion U.S. dollars, an decrease from a net income of 1.47 billion U.S. dollars in the previous year. ...

Is Twitter making money?

Twitter is a publicly traded company on the New York Stock Exchange. The company recently reported total revenue of $1.04 billion in its first-quarter earnings, with $988 million coming from advertising services.

Why did Twitter make a loss in 2020?

In 2020, the decline in revenue was due to an advertising slump caused by the outbreak of the global coronavirus pandemic, which led the company to recognize a deferred tax asset valuation allowance of 1.1 billion U.S. and a non-cash income tax expense based primarily on cumulative taxable losses driven primarily by ...