Following the announcement that it was profitable in Q4 2017 earning report for the first time in 4 years, Twitter Inc. has released surprisingly positive earnings for Q1 2018 with more profits predicted in the future.
Here are the Twitter’s second-straight profitable quarter main highlights:
Average Monthly Active Users (MAUs): 336 million, up 3% year-over-year.
Average Daily Active Users (DAU): Achieved an increase of 10% year-over-year.
Total Revenue: $655 million, up 21% year-over-year.
Advertising Revenue: $575, up 21% year-over-year too.
GAAP Net Income: $61 million and GAAP net margin of 9%.
Non-GAAP Net Income: $60,997 million, down from $61,559 last year.
Earnings per share: 16 cents, up from $0.08 last quarter.
Graphs Show the Twitter Q1 2018 Total Revenue and GAAP Net Income
Founded in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams and launched in July of that year, Twitter Inc. is an American online news and social networking service on which users post and interact with messages known as "tweets". Twitter is a platform for what’s happening in the world and what people are talking about right now. Twitter service rapidly gained worldwide popularity. In 2018, more than 300 million active accounts posted 550 million tweets a day. Since 2015, and continuing into 2016 and future years, Twitter has also been the home of debates, and news covering Politics of the United States, especially during the 2016 U.S. presidential election.