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Twitter Reports Lower Profit as Costs Rise

By Martin Peers and Alex Heath
· · Source: The Information

Twitter reported continued steady growth in revenue but even faster growth in costs, forecasting that expenses would continue rising sharply in 2020. For the fourth quarter of 2019, Twitter’s revenue rose 11% to $1.1 billion. But expenses rose 22%, slicing Twitter’s operating profit margin to 15% from 23% a year earlier and knocking down net profit by 53%. The number of Twitter’s daily active...

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