- REUTERS/Lucas Jackson
- Twitter posted a surprise jump in revenue to $731.6 million.
- The company had its first net profitable quarter.
- The total number of monthly active users is flat.
Twitter reported its fourth quarter earnings before the market opens on February 8. It reported revenue of $731.6 million, above analyst estimates of $686.4 million. That gain in revenue was a surprise, and it’s the company’s first increase in revenue in a year.
But Twitter also reported that it had 330 million monthly active users, slightly missing analyst estimates of 333 million. The company’s total number of monthly active users was flat and showed no increase from the previous quarter.
Twitter’s stock price surged 20% in pre-market trading after its announcement.
Here are the key numbers:
- Revenue: $731.6 million ($686.4 million estimated)
- EPS (adjusted): $0.12 ($0.141 estimated)
- Monthly active users: 330 million (333 million estimated)
The company posted a bottom-line profit in its fourth quarter, the first time the company had a profitable quarter.
Twitter CFO Ned Segal commented in the company’s earnings release that “we’re pleased with our performance in 2017 and our return to revenue growth in the fourth quarter. Total revenue in the fourth quarter increased 2% year-over-year, and owned-and-operated advertising revenue increased 7% year-over-year, driven by continued strong engagement growth, improvements in our revenue products, improved return for advertisers, and better sales execution. We achieved record GAAP net margins and our long-term target adjusted EBITDA margin range in the quarter, reflecting our continued prioritization and disciplined execution.”
Business Insider will be covering the results live as they roll in, so hit refresh for updates.