Twitter to increase headcount by 20% as it cracks US$1bn quarterly revenue
Twitter’s 4,800 employee count will grow by at least 20% in 2020, it said, as it looks to improve its offering to both advertisers and consumers.
The news comes as the company announced revenue for the three months to 31 December, 2019 surpassed US$1bn.
Revenue for the fourth quarter of 2019 was up 11%, with Twitter noting a particular strength in US advertising.
In Q4 of 2018, US$791m of Twitter’s US$909m revenue came from advertising (87%), while in the same quarter in 2019, it was US$885m of US$1.007bn (88%). The remaining revenue is categorised as ‘data licensing and other revenue’.
