- According to Twitter's amended S-1 filing for an IPO, the social media platform increased revenue by 100% in Q3.
- If the holiday ad season is kind, Twitter could be on track to hit $500 million in revenue for 2013, which is quite the jump from just $28.2 million in 2010.
- Active monthly users was also up in Q3 to 53 million from 48 million in Q2.
The increase in revenue is impressive and just in time for the impending IPO. The catch is the social network is still operating at a loss and was down $132.4 million in the first nine months of 2013. The increase in revenue is promising, but Twitter still has a long road to hike to become profitable.