Twitter IPO Forecast Reportedly Suggests Twitter Revenue Could Double
To $600 million+ a year
Twitter's revenue will double and its profit will surge by 2015, one of the top banks underwriting the company's initial public offering is telling investors, a key forecast for anyone trying to decide whether to buy Twitter shares this week.
Two investors who heard the numbers told USA TODAY that the underwriter, with access to Twitter's internal forecasts, said the company may generate about $620 million in revenue and make roughly $40 million in adjusted earnings, before interest, tax, depreciation and amortization, or EBITDA, this year.
