Twitter India's net profit up 108% in FY 2019

Twitter India's revenue has increased by 31% to Rs 56.9 crore from Rs 43.4 in FY 2019

e4m by exchange4media Staff
Updated: Oct 31, 2019 2:49 PM

Twitter India's has recorded a 31 per cent increase in revenue in FY 2019 according to reports.

Twitter India's net profit grew 108% to Rs 5.8 crore, while revenue rose to Rs 56.9 crore from Rs 43.4 during FY2019 compared to the previous year.  According to reports, Twitter India's operating revenue refers to its service fee income, which includes marketing support, business planning assistance and related services to build and grow the Internet user base and potential advertisers in India.

With increasingly affordable Wi-Fi and mobile Internet, especially in urban areas, marketers have increased their advertising spends on digital media, although the majority of advertising spend still goes to traditional media.

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