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

YouTube Kids App Videos Will Be Curated By Humans Only

4 min read  

YouTube is taking an important step in order to put a curb on the questionable and graphic content videos on the platform for children. The video streaming platform will be shifting its YouTube children app from self-operating system to non-algorithm version of YouTube app for suggesting videos. Thi

News

10 Hidden Facebook Features That No One Told You About

4 min read  

Over the last decade, social media platforms have taken over the world with their innovative and instantly connecting feature. We are now able to share anything with millions in seconds besides getting instant information on what's going around the world. Snapchat and Instagram have made people

News

WhatsApp Went Down As People Were Saying Goodbye To 2017

4 min read  

While the entire world was welcoming the 2018 and trying to greet their loved ones the most used messaging service failed to cope up with its users. More than thousands of users reported that the WhatsApp went down on the occasion of New year’s eve. The users almost struggle for two hours in s

News

Qutoutiao App Adding More Firepower To Its Arsenal To Challenge TikTok

4 min read  

Since the time TikTok app has soared to unprecedented heights of success, there has been a considerable surge in the short video-sharing platforms.In one such instance, Qutoutiao App, a Chinese news aggregator which is known for its gossipy news and viral videos is spending millions of dollars t

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.