San Francisco Feb 9 (IANS) With a monthly active user base of 330 million Twitter registered $732 million in revenue for the fourth quarter of 2017 with a net income of $91 million.
Twitter had registered a loss of $167.1 million or 23 cents a share for the same period last year.
The micro-blogging platform reported $2.4 billion in revenue for 2017 -- a decrease of three per cent Year-on-Year (YoY).
"Q4 was a strong finish to the year. We returned to revenue growth achieved our goal of GAAP (generally accepted accounting principles)profitability increased our shipping cadence and reached five consecutive quarters of double-digit DAU growth " CEO Jack Dorsey said in a statement late on Thursday.
Average monthly active users (MAUs) base was 330 million for the quarter - a flat quarter-over-quarter growth and up four per cent YoY.
Average daily active users (DAUs) grew 12 per cent YoY marking the fifth consecutive quarter of double-digit growth.
The company generated $550 million in annual adjusted free cash flow compared to $444 million in 2016 and ended the year with $4.4 billion in cash cash equivalents and marketable securities.
Total revenue in the fourth quarter increased two per cent YoY and owned-and-operated advertising revenue increased seven per cent YoY.
"It was driven by continued strong engagement growth improvements in our revenue products improved return for advertisers and better sales execution " said Ned Segal Twitter CFO.
During an investors call Dorsey said the 280-character tweets have led people to engage more on the platform.
"People do have the room - we re seeing less abandonment of tweets. But we re also seeing a lot more engagement. We re also seeing more retweets and we re seeing a lot more mentions " Dorsey said.
--IANS
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