During the World Cup, we delivered the kind of events experience that Ive wanted to see from us for some time, Dick Costolo, Twitters chief executive, said in a conference call with analysts. Revenue soared 124% during the quarter and the average number of people using the microblogging service in its June quarter was up 6 % from its March quarter. However, Twitter reported a continued decline in how much people were using the service, as measured by timeline view. Despite the flat usage of the service, the company demonstrated a striking ability to extract more advertising revenue from each user.
Twitter reported a net loss of $145 million, or 24 cents a share, compared with a loss of $42 million, or 32 cents a share, a year ago.
Excluding certain stock-based compensation and acquisition costs, the company had a profit of $15 million, or 2 cents a share, compared with a net loss of $16 million, or 12 cents a share, a year ago. On that adjusted basis, analysts expected the company to report a loss of 1 cent a share.