Sci-tech

Twitter reports its first profitable financial quarter

Twitter reports its first profitable financial quarter

Facebook Inc (FB.O) has 2.1 billion monthly users, while Snapchat owner Snap Inc (SNAP.N), which does not report a monthly figure, has 187 million daily users. "We don't think Twitter's appeal will break out of its niche status any time soon".

Data source: Twitter fourth-quarter shareholder letter.

The silver lining: Twitter on Thursday posted its first-ever profit of $91.1 million on $731.6 million of revenue.

Revenue also increased during the fourth quarter to $732 million - up from $717 million in the fourth quarter of 2016. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser. Video is Twitter's largest ad format, with live events and in-stream video ads two significant sources of growth, per the company.

"Q4 was a strong finish to the year", CEO Jack Dorsey said in a statement about the Twitter earnings results.

Twitter Inc (NYSE:TWTR) released its Q4 2017 earnings report before opening bell this morning.

Twitter Q4 results video content Twitter monthly active users CEo Jack Dorsey fake accounts automated bots Twitter updates data licensing sales news publishers online advertisers
Twitter has been upgraded by at least six analysts since late October fueling a stock rally of more than 47 percent in the past year

The company, which has been accused by United States legislators of contributing to the delige of bogus news reports that are alleged to have affected the outcome of the 2016 U.S. presidential election, said it had increased its vigilance to cut out spam, bots and bogus accounts. Twitter reported monthly average users of 330 million for the quarter, up 4 percent from a year ago.

Twitter has been actively attempting to turn themselves around for a while now, but that is not just in terms of finally getting to GAAP profitability as they did last quarter. Argus raised shares of Twitter from a "hold" rating to a "buy" rating and boosted their price objective for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. The number of monthly average users remained flat quarter-over-quarter, which was lower than analysts had expected and which Twitter attributed to a change to Safari's third-party app integration and the company's own efforts to reduce spam, malicious automation and fake accounts, problems that have taken on new urgency for Twitter as it has became clear how Russian-linked accounts influenced content on the platform around the 2016 USA presidential election. Those earlier reports mistakenly included users who accessed Twitter through third-party apps.

Twitter is a public, real-time, global platform where any user can create a Tweet and any user can follow other users. These holdings make up 49.01% of the company's outstanding shares.

There are millions of fake accounts tweeting, retweeting and liking numerous most high-profile accounts on Twitter. New York Attorney General Eric Schneiderman has opened an investigation into Twitter and Devumi. This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately.

The site recently revealed that over 600,000 American users had interacted with more than 3,800 Russian troll accounts in the lead-up to the 2016 presidential election.

However, there is still a major problem for Twitter even though it has received some good news.

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