Twitter profit soars as user base shrinks

08 February, 2019, 18:12 | Author: Brooke Harris
  • What to Know Before Twitter Reports Earnings Thursday

Snapchat and Facebook also disclose daily active user numbers, though Twitter says its own figure is "not comparable" as it only includes users who are seeing ads.

"We enter this year confident that we will continue to deliver strong performance by focusing on making Twitter a healthier and more conversational service", he added.

The reason for the change is likely due to the fact that this new metric shows user growth on the platform. In the fourth quarter, the number of monthly of active users was down year over year by 9 million people to 321 million people. Twitter reported a record-setting revenue of $909 million in the fourth quarter, a 24-percent increase compared to this time a year ago.

The company said there was a 16% year-on-year decrease in reports of abuse on Twitter in 2018.

"2018 is proof that our long-term strategy is working", chief executive Jack Dorsey said in a statement.

For the quarter through March, Twitter said it expected total revenue of between $715 million and $775 million.

The switch to a monetisable daily user count enables Twitter to put a more positive spin on how it's doing, but even there, Twitter gives off the impression that it's trying to paint a slightly rosier picture than reality - at least when it comes to the competition.

Jeff Bezos publishes National Enquirer extortion emails
He also published correspondence between AMI and lawyers for his investigator, Gavin de Becker . A spokesman and an attorney for AMI did not immediately respond to messages seeking comment.

Shares were down more than 10 percent at $30.56 in midday trading.

Twitter is reporting that revenue and profit and its daily 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. The company made $1.2 billion in profit for the year, its first profitable year since going public in 2013.

Overall revenue rose to $909 million in the quarter, beating the estimate of $868.2 million.

Twitter has made its first annual profit in its 13-year history but another fall in the number of its users and a disappointing sales forecast took the gloss off the results and sent its shares down almost 10 per cent. It has hundreds of millions of daily users and many rely on it to ...

Twitter's slice of the digital-advertising market is expected to decline this year as Facebook and Alphabet 's (GOOGL) Google tighten their grip and (AMZN) makes significant strides, according to eMarketer.

The company, however, reported a better-than-expected 24 percent increase in fourth-quarter revenue, helped by growth in its video advertising business.



Massive drug bust exposes cartel ties between Mexico and Australia
The previous record of seized methylamphetamine bound for Australia was 1.3 tonnes found in Western Australia in December 2017. According to authorities in the Australian state of Victoria, around 2 tons of meth is consumed in the state every year.

Apple releases iOS 12.1.4 update with Group FaceTime bug fix
The FaceTime fix is included in the latest version of Apple's iOS 12 system, which became available to install Thursday. Apple plans to contribute to his college fund and will also pay a bounty to him and his family for reporting the bug.

Kyrie Irving Frustrated With Being Linked to Anthony Davis Rumors
Davis is as well and National Basketball Association rules only allow one player with that type of contract on a team at a time. Tatum, 20, is averaging 16.3 points and 6.2 rebounds in his second season with Boston.

Rob Gronkowski hit by can of beer during Patriots parade
And though they haven't been seen together in years, the Patriots quarterback said in 2017 that they have often called each other. The 29-year-old is on the books for a cap hit of just $12 million next year, the last year of his deal.

Melbourne Cup winning trainer Darren Weir banned
Racing Victoria stewards recommended the disqualification after a show cause hearing on Monday, which lasted more than 11 hours. Handing down the penalty, Judge John Bowman on behalf of deputy chairman Brian Forrest, said: "It is sad it has come to this".

Frank Robinson, MVP, first black manager, dies at 83
In the six years Robinson spent as an Oriole, the team went to the World Series four times, winning twice in 1966 and 1970. Former Nationals catcher Brian Schneider, who played for Robinson in D.C. and Montreal, expressed a similar sentiment.

Trump promises to always protect people of faith
The U.S. leader said, "When we open our hearts to faith, we fill our hearts with love". President Donald Trump is attending the 2019 National Prayer Breakfast in Washington.

LG G8 ThinQ to come with ToF selfie camera
We've seen LG announcing certain phone features ahead of the actual press event for a phone, so this isn't surprising. The ToF camrea can see objects in 3D because of which it is not affected by light emitted by external sources.

Haas launches new look for 2019 Formula One season
Get the dedicated Sky Sports F1 channel - the exclusive home of all live F1 next season - for £18 a month in HD with no contract. Steiner added: "I have confidence again we have got a solid auto and I don't see anything bad coming for us".

Khashoggi murder 'planned and perpetrated' by Saudi officials: UN expert
Agnes Callamard, UN special rapporteur on executions, sought access to the Saudi consulate in Istanbul. Reuters Jamal Khashoggi had been living in Washington , D.C., in the previous year before his death.