Twitter Results Presentation Deck

Adjusted EBITDA ($, millions) Adjusted EBITDA Margin $215 Q4'16 30% $170 Q1'17 31% $178 Q2'17 31% $207 Q3'17 35% $308 Q4'17 42% Note: Adjusted EBITDA is defined as GAAP net income (loss) adjusted to exclude stock-based compensation expense, depreciation and amortization expense, interest and other expenses, net, provision (benefit) for income taxes, restructuring charges and one-time nonrecurring gain. See Appendix for a reconciliation of GAAP net income (loss) to Adjusted EBITDA. +43% Y/Y 10

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