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visibility of unhealthy content on Twitte ted conversations. Making conversatio fun. Making it easier for people to find w o Twitter by better organizing content a r to follow and join conversations. Proa unhealthy content on Twitter. Protecting sations. Making conversation on Twitte g it easier for people to find what they a by better organizing content around top ow and join conversations. Proactively ng the integrity of election-related conve er faster, more fluid and more fun. Maki e looking for when they come to Twitte pics and events, and making it easier to vely identifying and limiting the visibility cting the integrity of election-related the n Twitter faster, more fluid and more fu t they are looking for when they come t ound topics and events, and making it . Proactively identifying and limiting the er. Protecting the integrity of election-re Fiscal Year 2019 Annual Report

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Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related the conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related

Fiscal Year 2019 Annual Report

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About Twitter, Inc.

Twitter is what’s happening in the world and what people are talking about right now. From breaking news and entertainment to sports, politics, and everyday interests, see every side of the story. Join the open conversation. Watch live-streaming events. Available in more than 40 languages around the world, the service can be accessed via twitter.com, an array of mobile devices, and SMS. For more information, please visit about.twitter.com, follow @Twitter, and download both the Twitter and Periscope apps at twitter.com/download and periscope.tv.

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Comparison of Five-Year Cumulative Total Return for Twitter, Inc.

$300

$250

$200

$150

$100

$50

$012/31/2014

Twitter, Inc DJ Internet Composite S&P 500

12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019

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Monetizable Daily Active Usage: Worldwide

(quarterly average in millions)

Mar31

2018

Jun30

2018

Sep30

2018

Dec31

2018

Mar31

2019

Jun30

2019

Sep30

2019

Dec31

2019

160

150

140

130

120

110

100

134

145

152

126124

139

122120

Monetizable Daily Active Usage: United States

(quarterly average in millions)

Mar31

2018

Jun30

2018

Sep30

2018

Dec31

2018

Mar31

2019

Jun30

2019

Sep30

2019

Dec31

2019

32

30

28

26

24

20

2930

2726 26 26

28

31

Monetizable Daily Active Usage: International

(quarterly average in millions)

Mar31

2018

Jun30

2018

Sep30

2018

Dec31

2018

Mar31

2019

Jun30

2019

Sep30

2019

Dec31

2019

125

120

115

110

105

100

95

90

85

96

105

110

115

121

9998

94

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Ad Engagement Year-over-Year Change

(% Change)

Mar31

2018

Jun30

2018

Sep30

2018

Dec31

2018

Mar31

2019

Jun30

2019

Sep30

2019

Dec31

2019

69%

81%

50%

23% 20% 23%29%33%

Cost Per Ad Engagement Year-over-Year Change

(% Change)

Mar31

2018

Jun30

2018

Sep30

2018

Dec31

2018

Mar31

2019

Jun30

2019

Sep30

2019

Dec31

2019

-4%-7%

-14%

-32%-28%

0%

-13%-12%

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Board of Directors

Omid Kordestani

Executive Chairman

Patrick Pichette

Lead Independent DirectorGeneral PartnerInovia Capital

Former Senior Vice President andChief Financial OfficerGoogle

Jesse Cohn

Equity Partner, Senior Portfolio Manager, Head of U.S. Equity Activism and member of Management CommitteeElliott Management Corporation

Jack Dorsey

Chief Executive Officer andCo-FounderTwitter

Chief Executive Officer andCo-FounderSquare

Egon Durban

Co-Chief Executive OfficerSilver Lake

Martha Lane Fox

Founder and ChairpersonLucky Voice Group

Crossbench PeerHouse of Lords

Ngozi Okonjo-Iweala

Senior AdvisorLazard, Ltd.

David Rosenblatt

Chief Executive Officer1stdibs.com

Bret Taylor

President and Chief Operating OfficerSalesforce.com

Robert Zoellick

Former PresidentWorld Bank Group

Executive Team

Jack Dorsey

Chief Executive Officer andCo-Founder

Omid Kordestani

Executive Chairman

Ned Segal Chief Financial Officer

Vijaya Gadde

Chief Legal Officer and Secretary

Parag Agrawal

Technology Lead

Leslie Berland

People and Marketing Lead

Kayvon Beykpour

Product Lead

Dantley Davis

Head of Design and Research

Matthew Derella

Customers Lead

Bruce Falck

Revenue Product Lead

Michael Montano

Engineering Lead

Stock Exchange

Twitter stock is listed for tradingon the New York Stock Exchangeunder the ticker symbol TWTR.

Transfer Agent

Computershare Trust Company, N.A. 250 Royall Street Canton, MA 02021 Phone: (781) 575-4238 Toll Free: (877) 373-6374Web: computershare.com/investor

A copy of the Company’s annualreport filed with the Securities andExchange Commission (Form 10-K) and Notice & Proxy Statement will be furnished without charge to any shareholder upon request.

By Internet: www.proxyvote.com

By Phone:

(800) 579-1639

By Email:

[email protected]

Investor Relations

1355 Market StreetSuite 900San Francisco, California [email protected]

Investor Relations Website:

investor.twitterinc.com

Follow @TwitterIR

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Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related the conversations. Making conversation on Twitter faster, more fluid and more fun. Making it easier for people to find what they are looking for when they come to Twitter by better organizing content around topics and events, and making it easier to follow and join conversations. Proactively identifying and limiting the visibility of unhealthy content on Twitter. Protecting the integrity of election-related

Fiscal Year 2019 Annual Report