Twitter Finally Achieves Something It Was Gunning For 12 Years

Must Read

Skeletons in the Closet? Google-Facebook Involved in Secret Online Advertising Deal

If you can’t beat ‘em, join ‘em. And when two titans happen to decide upon an alliance,...

Smartphone Resale Value: Depreciation Is Surprising Enough [REPORT]

It's a tad cliché and true that smartphones have permeated every sphere of our life. The ceaseless...

A Majority of Web Professionals Prefer WordPress For Building Websites [STUDY]

The advancement in technology and network infrastructure has triggered an unprecedented competition among web professionals, who are willing to launch...

In its 12 years of history, it is the very first time when Twitter Inc. (NYSE:TWTR) has achieved something it was trying for long –  recoding a profitable quarter. The micro-blogging social network has reported GAAP net income of $91 million in Q4 2017 as revenue reached $732 million, beating $686 million revenue estimation by Thomson Reuters. Consequently, the share Twitter shares jumped more than 20% on Thursday.

The fourth quarter performance of Twitter will definitely boost the confidence of the management, board and investors as well. Twitter didn’t record a big jump in its monthly active users that reached 330 million though, its daily active users base went up 12% year over year. Twitter tried to justify the growth in monthly active users with the crackdown on fake accounts and malicious activities, which amounted to less than 5% of its monthly active users. The microblogging network also blamed the new changes in Safari’s third-party app integration policy which affected 2 million monthly active users.

Twitter Revenue 2017: More Than 86% Came From Advertising

Twitter also reported that in Q4 2017 its revenue soared 2% year over year, while a 7% jump was recorded in its advertising revenue. Overall, in 2017, over 86% of Twitter’s total revenue came from advertising.

Advertisements

Despite all the positive signs and performance, Twitter has a long way to cover before it wins back investors confidence completely. By providing the outlook of 2018 Twitter has explained that the year of going to be more of strategic investment and less focus on profitability. Once again Twitter emphasized its commitment to fight with malicious, fake and spammy content with the help of having a more robust system in place. The focus of Twitter would be driving engagement, identifying credible accounts and improving its sales team, all will need more investment.

The road ahead is not going to be a cakewalk, especially when Twitter has got a lot to improve and fight with. The departure of top executives continues; It’s Chief Operative Officer Anthony Noto is leaving on March 1, to join a finance startup as CEO. Unlike Facebook, the failure of attracting big-time advertisers who are capable of pouring millions of dollars on ad campaigns is another challenge Twitter is facing.

But not all have lost for Twitter. The fourth quarter results bring a ray of hope and if Twitter continues with the modest growth and profit in the upcoming quarters, it won’t be tagged as sinking ship anymore. It may not become Facebook in terms of advertising revenue but it will surely become more valuable and respected platform, due to the demographics of its users, Facebook always wants to be seen as.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Happy B’day Chad Hurley: The Co-Founder Of The World’s Largest Video Library

Chad Hurley never cared about success, he mended his ideas and tried to garner the fruits from...

How Mobile Is Becoming A Catalyst Of Online Gambling Market Growth

The global online gambling market is now one of the biggest and it is expected to grow up to 127.3 billion US...

“Open Up Cambridge Analytica, It’s CBI At the Door!”

Among all the establishments ensnared in deplorable acts, Cambridge Analytica has steadily climbed the ladder of infamy. The roots of its malice...

Smartphone Resale Value: Depreciation Is Surprising Enough [REPORT]

It's a tad cliché and true that smartphones have permeated every sphere of our life. The ceaseless tech breakthroughs have led to...

Reliance-Future Deal Is Approved By SEBI But Biyani May Not Be Happy With It!

Despite Amazon trying its best to stick a fork between the Reliance-Future deal, the Indian market regulator SEBI has finally given the...

Skeletons in the Closet? Google-Facebook Involved in Secret Online Advertising Deal

If you can’t beat ‘em, join ‘em. And when two titans happen to decide upon an alliance, there are bound to be...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This