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prensaestatal.com Febrero 19, 2018


Twitter Posts First Profitable Quarter Ever, but Loses Active Users in America

09 Febrero 2018, 03:26 | Dolorita Barahona

Twitter Posts First Profitable Quarter Ever, but Loses Active Users in America

Twitter

That news sent the company's stock to a high of $35.00, before closing $30.18, a 12 per cent improvememt on Wednesday's closing price.

Twitter's fourth-quarter net income was $91.08 million or $0.12 per share, compared to net loss of $167.05 million or $0.23 per share in the year-ago period.

Adjusted profit came in at $0.19 per share, beating analyst expectations of $0.14, thanks to a 2% kick in revenue to $731.6m that also beat the Street's estimates of around $686m, the first revenue growth Twitter had seen since 2016's closing quarter. For the three months ended December 31, it rose 4 percent to 330 million, continuing a trend of low, single-digit growth for the service.

If there's reason for optimism, it's that daily active user figures have increased by 12 percent year-on-year, so the people who use Twitter are using it more. "We returned to revenue growth, achieved our goal of GAAP (generally accepted accounting principles) profitability, increased our shipping cadence, and reached five consecutive quarters of double digit DAU growth".

The Verge reports that Twitter has finally posted a profitable quarter after operating at a loss for nearly 12 years.

Advertising revenues totalled $644m, up 10pc year-on-year.

Revenues rose 2.0% from previous year to $731.6 million, easily beating analysts' view for $686.12 million.

There's still one area of persistent trouble for the company, however: user growth.

Twitter says that its objectives include improving core ad offerings, while also delivering improvements to the platform.

Twitter, which has posted consistent losses since it became a public company in 2013, said it expected to be profitable for the full year of 2018 as well. In the USA, the number of users actually fell from 69 million to 68 million.

But the news and streaming partnerships "have a positive impact on advertising", Dorsey said. Dorsey said the character limit changes encouraged users to write more, though not necessarily longer, posts. CEO Jack Dorsey has been heavily criticized for being slow to change any aspects of Twitter, and that's been reflected in the company itself. The consensus stood at 333 million monthly users. The firm also struck deals with media companies for live news and entertainment shows to attract more users.

Twitter's user base has stayed effectively the same size as it was last quarter, and annual revenue might be down slightly, but this might not matter too much to investors.



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