Twitter Finally Earns Profit After 12 Years

Twitter

This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately. Public Employees Retirement System of OH lifted its stake in Twitter by 2.7% in the 3rd quarter.

We've said it before, but we'll say it again as it is not something we expected to write, this is Twitter's first ever quarter of profitability.

In its last earnings report, the company admitted that it had accidentally overstated its monthly active user count in every quarter since the end of 2014. Stifel Nicolaus raised Twitter from a "sell" rating to a "hold" rating and lifted their target price for the company from $12.00 to $17.00 in a research note on Thursday, October 26th. Balentine LLC raised its holdings in shares of Twitter by 86.6% in the third quarter. Its user base stood at 330 million, which is the same as Q3. "Plus or minus a relatively small number of users is meaningless", said Brian Wieser, senior analyst at Pivotal Research Group in comments reported by the Wall Street Journal.

"It was driven by continued strong engagement growth, improvements in our revenue products, improved return for advertisers and better sales execution", said Ned Segal, Twitter CFO.

For the full year Twitter's losses narrowed from $457 million in 2016 to $108 million in 2017.

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Twitter has also struggled to attract many new users in recent years, and has reportedly contended with multiple stalled takeover bids, and several departures of high-ranking executives, including its longtime chief financial officer Anthony Noto last month. The company's revenues for the fiscal year declined by 4 to 8 percent year over year.

Twitter reported a quarterly profit in Q4 for the first time since its public listing.

Twitter saw its Q4 advertising revenue increase 1% for a total of $644 million while data licensing and other revenue increased 10%, the company reported in a statement released today.

Despite their profitable quarter, Twitter continues to lag behind their social media competitors such as Facebook and Instagram. In Q4, we launched a new Promoted Tweet composer that simplifies the process of creating new Promoted Tweets.

From a cosmetic standpoint, Twitter made it easier to thread tweets and increased tweet length to 280 characters. Total ad engagements were up 75% year-over-year which has been put down to engagement growth, improved products, better ad relevance to the user. "I'm proud of the steady progress we made in 2017, and confident in our path ahead", he said during an earnings call.

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