Twitter posts Q3 net loss due to lawsuit settlement

KIFI

Published October 26, 2021 2:31 PM

By BARBARA ORTUTAY
AP Technology Writer

Twitter posted a net loss Tuesday due mostly to a lawsuit settlement it paid, but its revenue rose sharply in the third quarter, boosted by solid ad sales around the globe. The San Francisco-based company said Tuesday that its net loss was $536.8 million, or 67 cents per share, in the July-September quarter. That’s down from a profit of $28.7 million, or 4 cents per share, in the same period a year earlier. Shares of Twitter climbed $1.29, or 2.1%, to $62.72 in after-hours trading.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.