Feb 8, 2018

Twitter posts its first quarterly profit as ad sales rise

Twitter has reported its first quarterly net profit helped by a rise in video advertising sales. Twitter's previous failure to make a profit had confounded investors given its widespread use and popularity among celebrities and politicians. In October last year, Twitter had suggested a profit was likely as it sought to cut costs, but both profit and revenue outstripped investors' expectations. Twitter reported 330 million active users a month, a rise of 4% on last year but no change on the previous quarter. Twitter said user number growth had been held back by "Seasonal weakness" and changes made by Apple to its Safari web browser, which cut user numbers by two million.

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