The social network has seen a rise in revenues but the net income is still negative. With the IPO, Twitter should be valued over 12 billion dollars, 8.8 billion euros.
The boss of the social network of 140 character messages climbed one more step to get in the stock market. The step forced to present operational results. And Twitter has no positive accounts.
In the first six months of the year, Twitter‘s net income was set in a negative value of 69.3 million dollars (50.9 million euros), representing an increase over the same period in 2012, when the company recorded 49.1 million dollars deficit. During the seven years of existence, the company was never profitable, writes the “Financial Times“.
The figures published in a form that Twitter had to deliver to be successfully launch on stock market reveal, on the other hand, an improvement in revenues. In 2010, revenues stood at 28.3 million dollars (20.8 million euros), surpassing 316 million (232 million euros) last year. Between January and June this year, the income of the company reached € 253.6 million. Much of this revenue comes from mobile advertising.
With more than 200 million monthly users, Twitter, which aims to reach one billion dollars with the IPO, will be rated between 12 and 15 billion dollars (8.8 and 11 billion euros), according the “Financial Times“, and 12.8 billion, according to Bloomberg. There was no official figure advanced by the owner of the social network. The value of the shares will be, according to the news agency, $ 20.62.
“If they’re worth 12 billion dollars or not is something that will come out in how they face this vision of information and news in real time, the ability to create additional revenue channels and how they can grow in the world”, said to Bloomberg the analyst Gartner Brian Blau.
It is likely that in October, the leaders of the technology company founded in San Francisco will make a “roadshow” to investors to attract attention. Dick Costolo is the CEO of the company.
Twitter will make his debut on the stock exchange after releases slightly positive with respect to the other technology companies. Facebook , Groupon and Zynga fell shortly after the debut and, except the first, are still below the price of the initial public offering (IPO), as Bloomberg recalls.