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Twitter posts bigger 4Q profit, monthly user base slips

/ 08:45 PM February 07, 2019
Twitter posts bigger 4Q profit, monthly user base slips

In this Nov. 7, 2013, file photo, a Twitter sign is draped on the facade of the New York Stock Exchange before its IPO in New York. AP

NEW YORK — Twitter is reporting that revenue and profit and its user base all grew in the final three months of 2018.

The San Francisco company disclosed its daily user base count for the first time, putting the figure at 126 million, up 9 percent from a year earlier. These are users who see ads on the platform and log in at least once a day.

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Twitter on Thursday posted earnings of $255 million, or 33 cents per share, in the October-December quarter. That is up from $91 million, or 12 cents per share, a year earlier.

Revenue grew 24 percent to $909 million.

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Analysts polled by FactSet were expecting earnings of 25 cents per share and revenue of $867 million.

Its monthly user base fell to 321 million, from 326 million. /ee

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TAGS: 2018 4Q revenue and profit, financials, technology news, Twitter
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