The above graph represents the quarterly comparison between Twitter revenue and net income, starting from Q1 2011 to the most recent quarter. Twitter revenue in Q3 2019 clocked $823.72 million, with nearly 9% YoY increase. While the net profit declined to $36.5 million in Q3 2019, from a whopping $789.2 million in Q3 2018. On a quarterly basis, Twitter’s global revenue declined a notable 2.1% from Q2 2019.
|Source||Twitter Quarterly Reports|
|Note||Twitter fiscal year starts from January 1st|
In Q4 2018, Twitter reported its highest-ever quarterly revenue of $908.8 million, with 24% YoY. On a quarterly basis, the revenue increased handsomely by $150.72 million registering a surge of 19.88% QoQ in Q4 2018. On the other hand, the total net income for the company during the fourth quarter of 2018 was $255.3 million, registering a 67.64% QoQ plunge, but an applaudable 180.30% YoY increase.
The breakthrough quarter for Twitter was back in Q2 2015 when the company crossed the $500-million milestone for the very first time.
One must be wondering that how in Q3 2018, the net income surpassed the revenue numbers for Twitter. But in reality, the company’s net income in Q3 2018 was a whopping $789 million for the quarter, but a lot of that was attributed to a massive ‘one-time release of deferred tax asset valuation allowance,’ which accounted for $683 million. If you take that out, Twitter’s net income was $106 million on $758 million in revenue, which was better than expected and the revenue for that quarter is $758.11 million.
Twitter posted a straight loss in its net income for over a decade. Q4 2017 is the first-ever profitable quarter (as the above graph shows) for the company.
In Q4 2013, the company suffered a huge net loss of $511.57 million.
About Twitter Inc: Additional Information
Twitter Inc. (NYSE: TWTR) is a global social networking platform, created on March 21, 2006, by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. The company is based in San Francisco, California, and has more than 35 offices around the world.
Twitter is a microblogging website/app where people around the world share their thoughts by posting a Tweet which includes text, images, videos, gifs. Initially, the Tweet limit was restricted to 140 characters, but on November 7, 2017, the company doubled its Tweet limit to 280 characters for all languages except Chinese, Japanese, and Korean.
In 2013, Twitter emerged as one of the ten most-visited websites on the Internet and has been described as “the SMS of the Internet”.
On November 6, 2013, Twitter priced its initial public offering (IPO) at $26 per share, which closed at $44.90 next day, giving the company a valuation of over $31 billion.
As of 2019, Twitter is ranked 41 of the top 500 websites on the web, Alexa web traffic analysis.
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