Technology Twitter is profitable again and adding users

17:15  25 april  2018
17:15  25 april  2018 Source:

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Because of this change to Safari, Twitter says it lost 2 million monthly users , half of whom were in the US. Changes to tweets have apparently helped growth, though. The company is profitable and its revenue is heading in the right direction once again .

Profitable Business added Loading seems to be taking a while. Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

a close up of text on a white background © Shutterstock/CNNMoney

Twitter is officially on a profit streak.

Twitter posted its second consecutive profitable quarter on Wednesday thanks to renewed growth in its ad sales business. The results are a strong signal that the social media company's turnaround efforts are bearing fruit.

The company reported a profit of $61 million for the first three months of 2018, or nearly as much money as it lost in the same period a year earlier. Twitter reported its first profitable quarter as a public company in February.

Twitter shares jumped as much as 12% in premarket trading Wednesday following the earnings results, before settling somewhat. It's now up about 5%.

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Twitter CEO Jack Dorsey. Larry French/Getty Images for Thurgood Marshall College Fund. After almost 12 years, Twitter is finally profitable . That positive news was coupled with the fact that Twitter ’s user base didn’t grow at all last quarter.

Then retweeted again and again . As it currently stands, a GIF like this would be Plus, these GIFs could equal money. Twitter is not a profitable enterprise. Brands (ugh, brands) have the opportunity to control the message Twitter users see by creating content that works in a snack-size format.

After struggling for much of last year with sagging ad sales and stagnant user numbers, Twitter revealed Wednesday it is now seeing stronger growth in both.

Related: Google's spending spree rattles Wall Street

Twitter posted sales of $665 million for the first three months of 2018, a 21% increase from the same period a year earlier. By comparison, Twitter's ad sales business was shrinking this time last year.

Much of the revenue growth came from Twitter's international markets, which are now on the cusp of overtaking Twitter's U.S. ad revenue. The company is also seeing more traction from videos, which now make up more than half of its total ad revenue.

Twitter has 336 million monthly active users globally, adding 6 million users from the prior quarter and up from 327 million a year earlier. Nearly all of that growth is coming from overseas: Twitter had 69 million users in the U.S., unchanged from a year earlier.

Throughout the last year, Twitter has worked to make its product more engaging and intuitive to users by expanding the character limit, threading tweets and highlighting content around events like sports games.

The earnings results come at a sensitive time though. Twitter is one of several internet companies with the potential to face greater user and regulatory scrutiny in the wake of Facebook's Cambridge Analytica data debacle.

Twitter urges users to change passwords after computer glitch .
Twitter Inc urged its more than 330 million users to change their passwords after a glitch caused some of them to be stored in plain text on its internal computer system. The social network said it had fixed the glitch and that an internal investigation had found no indication passwords were stolen or misused by insiders, but it urged all users to consider changing their passwords "out of an abundance of caution." The blog did not say how many passwords were affected. But a person familiar with the company's response said the number was "substantial" and that they were exposed for "several months.


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