Twitter more than doubled its revenues in 2014 to $1.4bn, driven by a growing international user base.
The company revealed a hike of 111 percent in yearly revenue growth and a reduction of losses in its fourth-quarter financial results.
Twitter generated $479m in revenue during the quarter, a 95 percent increase over the $242m in the same quarter in 2013.
Net losses for the quarter were $125m, a significant reduction from $511m in the quarter a year earlier. Net losses for the whole of 2014 fell by $68m to $577m.
Twitter also improved on its 2014 third-quarter results, which saw losses of $175m and a drop in user engagement.
Dick Costolo, Twitter's chief executive, claimed in an earnings call that 500 million people visit Twitter but do not log in, prompting the company to look for new ways to boost engagement.
"There are more than 6,000 tweets a minute every day," he said. "What one person sees on Twitter is just a very narrow slice of all the amazing content we have on the platform and we have an obligation to better organise content and deliver it in compelling ways to our total audience."
Twitter reported a 23 percent rise in user engagement measured by timeline views in the fourth quarter to 182 billion.
This was supported by 20 percent growth in users to 288 million worldwide over 2014. Twitter's international user base grew by 21 percent to 225 million, as the service expanded into 13 additional markets.
Twitter may have hit a stumbling block in the US, however. Engagement increased by 20 percent compared with the same quarter in 2013 but remained at 49 billion timeline views when compared with the third quarter in 2014.
A similar story exists for Twitter's US active user base, which grew by 17 percent year on year, but remained at the Q3 figure of 63 million.
These results could be a problem for the firm, as the US is a lucrative advertising revenue source for Twitter.
Twitter's worldwide advertising revenues climbed by 60 percent to $432m in the fourth quarter, a 97 percent year-on-year increase.
Revenue from Twitter's data licensing and other income increased by 105 percent to $47m for the quarter, indicating that Twitter is boosting its alternative revenue streams.
Twitter will be looking for a rise in data licensing revenues for the first quarter of 2015 after a rumoured arrangement with Google to display tweets in search results.
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