Twitter reports net profit for first time: 3 things to know

Twitter recorded its first-ever net profit in the fourth quarter of 2017, according to Reuters.

Advertisement

Here are three things to know.

1. Twitter saw revenues rise 2 percent year over year to $731.6 million in the fourth quarter of 2017.

2. Twitter said the revenue boost was partially attributable to redesigned ad formats, growth in video ad sales and higher click-thru rates on ads.

3. The company ended the fourth quarter of 2017 with a net profit of $91.1 million. That’s compared to the $167.1 million net loss Twitter posted in the fourth quarter of 2016, according to Reuters.

More articles on business:

Report: BlackRock to raise $10B to invest in firms
Here are the world’s richest people in cryptocurrency
Billionaire physician Patrick Soon-Shiong buys Los Angeles Times

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Capital

Advertisement

Comments are closed.