Twitter revenues more than doubled to $250 million in the first quarter of 2014 from the $114.3 million it produced in the same time last year. Meanwhile, its loss more than quadrupled to $132.4 million from the $27.1 million in red ink it produced in the corresponding three-month period ending March 31.

Excluding $126.4 million in stocked-based compensation, the company's adjusted earnings before interest, taxes, depreciation and amortization totaled nearly $37 million, a 214.5% increase over the 11.7 million in EBITDA produced in the first quarter of 2013.

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This marks the first quarterly earnings that the company has announced since it went public on Nov. 7.

For the 2013 year, the company filed a 10-K in which it reported a loss of $645.3 million, or $3.41 per diluted share, on revenues of 664.9 million. That compared to the $79.4 million loss, or 68 cents per share, it reported in 2012, when its revenues totaled $316.9 million.

In announcing its earrings, the company said that average monthly active users were 255 million, a 25% increase over the 204 million monthly active users it said it had in the first quarter of 2013. Within that mobile accounted for 198 million, or 78% of monthly active users.

The company labels it financially a "very strong first quarter."

"Revenue growth accelerated on a year over year basis fueled by increased engagement and user growth,” said Dick Costolo, CEO of Twitter. “We also continue to rapidly increase our reach and scale. With the integration of MoPub, we now reach more than 1 billion iOS and Android users each month, making us one of the largest in-app mobile ad exchanges in the world and the only one at scale to offer native in-app advertising.”

The company bought the MoPub, mobile ad vehicle last year.

In announcing its results, Twitter broke out its first quarter revenue, noting that $226 million was from advertising while data licensing and other revenues totaled $24 million.

The company is projecting revenue to reach $270 million to $280 million, while adjusted Earnings before EBITDA is projected to be $25 million to $30 million.

For the full year, the company projects revenue to almost double to $1.2 billion to $1.25 billion., while it estimates adjusted EBITDA will range from $180 million to $205 million.

The company's balance sheet remains strong, with $3.36 billion in equity and the company has $2.2 billion in cash, cash equivalents and short term investment vehicles.

Yet the company's stock price, which closed at $44.90 on its first day of trading and peaked at $73.31 on Dec. 26th, has been on a downward trajectory since then. It closed at $40.73 today, before the earnings was announced this afternoon.