[NewsPoster]

Twitter posted its third quarter results for fiscal year 2014, posting $361.2 million in revenue. Revenue was up compared to the same quarter in 2013, with quarter-on-quarter results improving by approximately $49 million. The company beat out analyst projections of $351.35 million, but posted lower than the $0.01 earnings per share (EPS) expected with a loss of $0.29 EPS.

Compared to the revenue results year-over-year, revenue increased from $168.5 million to $361.2 million. This represented an increase of approximately 114 percent. The quarter-on-quarter increase of $49 million in revenue was a change of about 15.7 percent. Net loss continued its trend by posting a loss of $175.4 million. Year-over-year the loss grew by $110.8 million, or $30.8 million from the second quarter of 2014.

Non-GAAP EPS dropped from $0.02 from the last reporting period, but met analyst estimates at $0.01. However, basic EPS was a different story as it improved to a loss of $0.29 EPS, much better than the $0.49 witnessed in the third quarter of 2013.

"We had another very strong financial quarter," said CEO Dick Costolo. "I'm confident in our ability to build the largest daily audience in the world, over time, by strengthening the core, reducing barriers to consumption and building new apps and services."

Advertising made up the largest portion of revenue for Twitter, pulling in $320 million. This was a large increase of 109 percent in contrast to the previous year. The company says that mobile advertising revenue made up 85 percent of its total advertising revenue income. The remaining $41 million in revenue was from data licensing and other sources, which was up 171 percent year-over-year. Timeline views bumped up 14 percent from the previous year to 181 billion. Advertising revenue per view on the timeline hit $1.77.

Average monthly active users were 284 million for the reported period, which represents an increase of 23 percent from 2013. However, holding the figures up to the previous quarter, there were only 13 million users added. Looking at the trending average user numbers, from the final quarter of 2013 the first period of 2014 users increased 14 million, but a 16 million increase was seen from the first quarter to the second quarter of 2014. It's possible that users could be hitting a flat growth point, or might be trending toward decreasing adoption of the social media platform.