The above graph represents Twitter total costs and expenses by quarter, starting from Q1 2011 to Q3 2019. Twitter quarterly revenue increased a considerable 9% YoY in Q3 2019, to $823.72 million, worldwide. Over 94.6% of that company spent on its operating costs and expenses. Twitter’s total costs and expenses in Q3 2019 reached $779.6 million, with a year-over-year increase of 17% YoY. On a quarterly basis, it is 1.8% growth from Q2 2019 when the total costs and expenses of Twitter were $765.7 million.
The graph “Twitter total costs and expenses by quarter” includes the total cost of revenue, Research and Development expenses, Sales and Marketing and General and Administrative expenses the company did in a particular quarter.
Twitter Operating Costs and Expenses: History!
|Source||Twitter Quarterly Reports|
|Note||Twitter fiscal year starts from January 1st|
In Q4 2016, Twitter operating costs and expenses reached an all-time high of $860.83 million, representing 10.69% YoY and 24% QoQ growth.
Surprisingly, in Q4 2013, the microblogging network increased its total operating costs and expenses to $752.35 million, from just $ 121.02 million in Q4 2012. That represented an astonishing 521.7% YoY increase. In December quarter, the company’s R&D and sales and marketing expenses increased a massive 352.3% QoQ and 189.6% QoQ, respectively.
In Q3 2014, the total costs and expenses by Twitter surpassed the $500-million mark, globally.
About Twitter Inc: Additional Information
Twitter Inc. (NYSE: TWTR) is a global social networking platform, created on March 21, 2006, by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. The company is based in San Francisco, California, and has more than 35 offices around the world.
Twitter is a microblogging website/app where people around the world share their thoughts by posting a Tweet which includes text, images, videos, gifs. Initially, the Tweet limit was restricted to 140 characters, but on November 7, 2017, the company doubled its Tweet limit to 280 characters for all languages except Chinese, Japanese, and Korean.
In 2013, Twitter emerged as one of the ten most-visited websites on the Internet and has been described as “the SMS of the Internet”.
On November 6, 2013, Twitter priced its initial public offering (IPO) at $26 per share, which closed at $44.90 next day, giving the company a valuation of over $31 billion.
As of 2019, Twitter is ranked 41 of the top 500 websites on the web, Alexa web traffic analysis.
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