Date: October 23, 2023
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.”
Twitter Q4 and FY
LinkedIn May Soon Launch Its Own Reels Format
LinkedIn, the world's biggest professional social networking platform, tests short-form video content to improve user engagement.
These 3 Google Maps Updates Will Make Summer Travel Breezy
Google Maps released a new set of updates yesterday that aims to make travel more convenient, comfortable, and advanced for its users.
Facebook Has Been Spying On Snapchat & Amazon For Years
Facebook, the social media platform owned by Meta, is facing new charges for breaching encrypted data and spying on apps like Snapchat and Amazon
Pavan Davuluri Becomes The New Head Of Microsoft Windows
In a major step to boost AI development, Microsoft has appointed Pavan Davuluri, an IIT Madras alumni, as Chief of Windows.