Twitter: returns to revenue growth; posts profit

(CercleFinance.com) - Twitter returned to revenue growth in the fourth-quarter, allowing the San Francisco-based company to post a profit for the last quarter of 2017.


The company reported record fourth quarter revenue of 732 million, an increase of 2% year-over-year.

Quarterly GAAP net income was 91 million dollars, compared with a quarterly GAAP net loss of 167 million dollars for the last three months of 2016.

Twitter said its user base increased 4% year-on-year to 330 million average monthly active users.

For the first quarter of 2018, Twitter said it expects adjusted EBITDA to be between 185 million and 205 million dollars, down from 308 million over the past quarter.

Even after that, the company's shares rose as much as 24.4% in early morning trading on Thursday.

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