Twitter said that its monthly active users and revenue rose in Q3, and that the effect of Apple’s iOS privacy change on its ad business was “modest.” $TWTR revenue rose to $1.28 billion from $936 million in the year-ago quarter in all markets:
Twitter Inc. said Tuesday that its monthly active users and revenue rose in the third quarter, and that the effect of Apple’s iOS privacy change on its ad business was “modest.”
Ad revenue climbed 41% higher to $1.14 billion, with the company saying it was prepared for the Apple AAPL, +0.46% iOS change that weighed on the earnings of competitors like Facebook Inc. FB, -3.92% and Snap Inc. SNAP, +1.63% during the quarter. The microblogging company reported a third-quarter loss of $536.8 million, or 67 cents a share, compared with a profit of $28.7 million, or 4 cents a share, in the year-ago period, much of which it attributed to one-time $766 million charge related to a class-action settlement over allegations it misled investors about user growth. Adjusted for stock-based compensation and other costs, the company’s loss was 54 cents a share.
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