Twitter nets $1.14 billion loss for 2020

by Laura Mize · Feb 11th, 2021 10:18 am

Last Updated Feb 17th, 2021 at 2:32 pm

Twitter's net income for 2020 was down $1.14 billion as compared to 2019, the company announced Wednesday.

"2020 net loss was $1.14 billion, representing a net margin of -31 percent and diluted EPS [earnings per share] of -$1.44," a company statement reads, in part. "This compares to 2019 net income of $1.47 billion, representing a net margin of 42 percent and diluted EPS of $1.87."

Twitter reported a 19% increase in costs and expenses, with total revenue of $3.72 billion. The company also had tax-related adjustments.


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