Twitter Q2 Earnings: 271 Million Monthly Active Users, $312 Million Revenue, $0.02 EPS

Twitter’s second quarter earnings for 2014 are out and they’ve beaten expectations across the board.

The big number: Twitter now has 271 million monthly active users (MAU), a net gain of 16 million on the last quarter and up 24 percent year-on-year.

Q2 revenue was $312 million, up 124 percent year-on-year, and non-GAAP EPS was $0.02 for the quarter.

Other highlights:

• Mobile MAUs reached 211 million in the second quarter of 2014, an increase of 29 percent YOY, representing 78% of total MAUs
• Timeline views reached 173 billion for the second quarter of 2014, an increase of 15 percent YOY
• Advertising revenue per thousand timeline views reached $1.60