Twitter released its 2014 results this morning with revenue reaching $250 million for the period, up 119% on a year-over-year basis.
In addition the social media giant added 14 million new monthly active users.
Get business news first
Sign up to SmartCompany’s daily newsletter
Twitter chief executive Dick Costolo says the quarter was very strong.
“Revenue growth accelerated on a year-over-year basis fuelled by increased engagement and user growth,’’ he says.
“We also continue to rapidly increase our reach and scale.”
Analysts were predicting revenue of around $241 million for the quarter.
eBay beats revenue expectations
Also announcing better than expected results for the quarter was eBay, which posted revenue growth of 14%.
The company announced that revenue for the quarter reached $4.3 billion.
Apple drops Macbook Air prices
Consumers in the market for a Macbook Air will now be able to pick one up starting from $899. The refresh features Intel’s Haswell processor and is now $100 less than the previous model.
The Australian dollar was trading at US92.68 cents, up from 92.39 cents on Tuesday. The Dow Jones average is up to 16535.37.