Twitter gains over $1bn from advert sales - Punch Newspapers

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Twitter’s stock rose four per cent in after-hours trading following its reveal of stronger-than-anticipated second-quarter earnings, according to www.tubefilter.com on Friday.

By far its biggest revenue driver–as usual–was advertising. Twitter saw a “broad increase in advertiser demand” throughout the quarter, it said, and as a result $1.05bn of its revenue came straight from ad sales.

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