Micro-blogging site Twitter gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents. According to a Mint report its revenue almost tripled to $316.9 million in 2012, driven largely by advertising. In the first half of 2013, it posted revenue of $253.6 million but had a loss of $69.3 million.
The report adds that Twitter managed average revenue per user in the second quarter of 2013 of 64 cents compared to Facebook’s roughly $1.60, according to Reuters’ calculations.
Read the complete report here