Twitter posted its Q4 2017 numbers today, and the company reported its first ever quarterly profit as a public company.
The San Francisco-based tech firm announced a GAAP net income of $91 million, which compares favorably to the net loss of $167 million on the same period last year and the $21 million net loss for Q3 2017.
Additionally, Twitter also reported Q4 revenue of $732 million, up two percent year-on-year and up 24 percent on the previous quarter.
Hitting its first ever profitable quarter is clearly notable news not just for Twitter but for Wall Street too, with the company’s shares soaring more than 20 percent in pre-market trading.
Above: Twitter shares: pre-market trading on February 8
However, the big number everyone has been focusing on is user growth. On the that front, Twitter reported 330 million monthly active users (MAUs), exactly the same as the previous quarter, though it is four percent up on the same period in the previous year.
Digging down into the numbers reveal that Twitter’s MAUs in the U.S. actually fell from 69 million to 68 million between Q3 and Q4 2017, a trend that seems to be carrying on from last year when its U.S. MAUs fell from 70 million to 68 million in Q2 2017. However, these numbers are prone to small fluctuations, so it will be interesting to see how Twitter’s domestic MAUs perform throughout the rest of 2018.
Twitter also reported that its daily active users (DAU) grew by 12 percent year-on-year, representing a fifth straight quarterly increase.
from Social – VentureBeat http://ift.tt/2Ed0vQ6
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