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

Tinder’s Location-Tracking Feature Promises to Spice Things Up

4 min read  

By infusing new features and strategies, Tinder is rightly catching up with other apps to jazz up its users. In one of the recent developments, Tinder has brought some amusing features to the table. A new feature called “Places” will enable other users to see all the locations you have v

News

5G Summit 2018, South Korea: 5G Industry Event

2 min read  

This year, 5G Summit South Korea will hold the most valuable industry event where you can meet the entire wireless ecosystem. 5G Summit 2018, to be hosted in Daegu, South Korea, is the largest unbiased mobile industry event, engaging mobile broadband professionals and the software and hardware compa

News

Apple May Be Launching A Red iPhone Today

4 min read  

Apple may be coming up with a little surprise for its fans today by adding a new color to the iPhone. According to the reports, the company may be introducing a red color model for its iPhone 8 and iPhone 8 Plus lineup. Apple is launching the red color iPhone to honor its 11-year-old partnership wit

News

Momo Suicide Challenge Game Hits WhatsApp

4 min read  

Nowadays, WhatsApp seems to be used in buffoonery activities rather than exchanging just plain texts or images. In one of the recent scary incident, a game dubbed “Momo” is been spread on the WhatsApp, which is forcing people to indulge in self-harm. For the same, the police have issued

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.