As Twitter’s Revenue Jumps, $500 Million for the Year Looks Likely

That would be a dramatic increase from 2010's total of $28m

Twitter, which is expected to go public a month from today, grew its revenue by more than 100 percent in the third quarter, totaling $167 million in sales, according to the company's amended S-1 filing.

The San Francisco tech company says it generated $422.2 million in revenue during the first nine months of 2013, up 106 percent from the same period last year, when it accrued $204.7 million. With holiday ad season ahead, it's probably safe to predict Twitter will well exceed $500 million in revenue in 2013. To put that in perspective, it brought in $28.2 million during 2010.

Twitter also reported more than 230 million active users and over 100 million daily actives. Monthly actives in the United States have hit 53 million for the digital platform, up slightly from the 49 million it claimed in the second quarter of this year.

While the seven-year-old firm is growing and holds significant promise, Twitter is increasingly in the red as its first S-1 report revealed. In the first nine months of 2013, it lost roughly $132.4 million. During the same period 2012, for comparison, it lost $69 million.

The company has filed with the Securities and Exchange Commission for a planned $1 billion IPO.