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Media Money with Julia Boorstin

Twitter Q3 results: Growing revenue and net losses

What's behind Twitter's timing?

Twitter's latest S-1 filing didn't just reveal that it has chosen the NYSE over the Nasdaq—but also how the company fared in the third quarter. After Twitter's first half results sparked concerns that the company wasn't growing its users fast enough but was growing its costs too quickly, these newest numbers address some concerns—and fuel others.

The Good: Third quarter revenue growth continues to accelerate, more than doubling to $168.6 million from $82.3 million in the year-earlier quarter. And Twitter is showing Wall Street it has even more strength in the all-important mobile space, with 70 percent of ad revenue now coming from mobile, up from 65 percent at the end of June.

(Read more: How Nielsen gauges Twitter TV audiences)

This contrasts with Facebook, which generates just over 40 percent of its ad revenue from mobile. And since most ad-based businesses like Twitter generate their highest revenue in the fourth quarter, the company is well on its way to exceeding eMarketer's projections of $580 million in revenue this year. And the company said it is generating more revenue from each time its users look at Twitter's timeline, increasing the number of ads users interact with.