Twitter Inc (NYSE:TWTR) Posts 4Q and Fiscal Year 2017 Results

Twitter Inc (NYSE:TWTR) Posts 4Q and Fiscal Year 2017 Results

In addition to turning a profit for the first time ever - a $91 million one at that - the company recorded year-over-year total revenue growth and advertising revenue growth for the first time since Q4 2016 and Q3 2016, respectively.

The results beat Wall Street's cautious expectations but they don't solve some of the company's problems - the use of its platform for abuse, fake accounts and Russian bots. Twitter says that user engagement also saw a boost, which has been attributed to the fact that the company increased the character limit from 140 characters to 280. In addition, Twitter believes that the relatively-new ability to "thread" tweets has pleased Seth Abramson plenty of users.

The company still has to show it can sustain growth and compete with the top digital ad platforms, but the market seems to be buying the Twitter comeback story, with shares up more than 20% after the earnings disclosure - pushing Twitter's market cap back above Snap's. Three months later, the company had rebounded its user base to 330 million monthly active users.

The sales rebound and profitability milestone offer hope that Twitter's turnaround efforts are bearing fruit. "Our live events and InStream Video Ads continue to deliver great reach across a large number of premium content categories to advertisers and have been a source of significant growth within our advertising business".

MAUs - Finally, Monthly Active Users, or MAUs, proved to be yet another big hit for the company.

From October to December, Twitter increased its revenue by 2 percent to $732 million, beating the $686.4 million that analysts surveyed by Bloomberg expected.

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Even the attention brought to the micro-blogging site by US President Donald Trump broadcasting his thoughts was not enough to stem the exodus of US users.

Twitter has made its first ever profit, nearly twelve years after the launch of the company.

Total shares held by institutions as of the most recent company filings are 364,487,153 with a reported 19,498,726 bought and 22,163,662 sold. It's up about 44% on the year to $27 a share, rising above its IPO price for the first time since late 2015. Almost 48.65 million shares were traded by the close, higher than its average daily volume of 21.19 million shares.

Twitter reported its results for the fourth quarter, showing stronger revenues and a positive profit figure. Ad revenue fell to $2.1 billion from $2.25 billion a year ago, while data licensing and other revenue grew to $333 million from $282 million in the year-ago quarter. The company had previously said it "will likely" turn a profit in Q4 on a GAAP basis. Its owned and operated advertising revenue, in particular, grew 7% to $593m.

Daily active users were up 12pc, marking Twitter's fifth consecutive quarter of double-digit year-over-year daily user growth.

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