News

Twitter Made Money For The First Time in Q4 Results

Advertising Contributed Towards Twitter's Revenue Making

twitter profit

Twitter has just released its revenue earnings for the final quarter of 2017, and the results are quite positive for the social media giant. Since the launch of this social networking service, the platform was not doing any good in terms of the profit it was having from the gradual growth. Twitter has a history of not making the money it carries the potential of. From analysts’ point of view, Twitter is expected to make earning of 14 cents per share, that on an average makes a profit of $686.1 million, put the giant social media site posted a total revenue of just $732 million.   

The platform also missed on monthly active users or MAU. Analysts, in this regards, expect the count of monthly active users to be 332.5 million, that is of course not what it is expected to be as Twitter only posted 330 million active users per month. However, Twitter is not able to meet up the expectations of the analysts, but it is growing up with a 4% profit share year-over-year. Additionally, the company’s average daily users are also growing with a 12% active users count year-after-year.

“Q4 was a strong finish to the year,” Twitter CEO Jack Dorsey quoted while announcing the results. “We returned to revenue growth, achieved our goal of GAAP profitability, increased our shipping cadence, and reached five consecutive quarters of double-digit DAU [daily active user] growth. I’m proud of the steady progress we made in 2017, and confident in our path ahead.”

Manish
Written By
Manish

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.
News

GPS Advancements Opens New Opportunities for Future Tracking Apps

4 min read  

Ever since the Global Positioning System (GPS) became available to the masses, it sure did revolutionize the modern lifestyle and bring convenience to us in a lot of ways, especially online. Going to places, finding your lost dog, tracking down where your child went, it makes all that feel like such

News

What does Bill Gates Say About Artificial Intelligence 'AI' Technology or Apps?

4 min read  

Some tech goliaths and business tycoons having a more optimistic approach towards AI technology than others.  The richest person in the world and co-founder of Microsoft ‘Bill Gates’ said AI is on the verge of making our lives more productive and creative.On the other hand,

News

Instagram Adds New Story Updates: Here's How You Can Use Them

4 min read  

It seems like Instagram has been on a roll lately because in the last 24 hours we have been bombarded with quite a few Instagram updates. And in this article, we will be discussing all about these three new updates that Instagram has just released to the public and how you can utilize them to the fu

News

Huawei Project Z, An Unified Operating System Will Run On Mobile, Tablets, TVs [Updated]

2 min read  

Android alternative that Huawei is planning to launch in case the company gets banned from using Windows or Android is set to roll out this fall of the year.The one news that is trending on a page of every tech portal is Google removing the Android Support for Huawei smartphones. Two Ch

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.