Twitter has revealed financial results for Q1 2018. The company has generated a total revenue of $665 million, an increase of 21% year-over-year, or an increase of 27% year-over-year when excluding the approximately $23 million of revenue in Q1’17 from fully-deprecated TellApart product. The company has reported the quarterly GAAP net income at $61 million, compared to a net loss of $62 million in the previous year, with a GAAP net margin of 9% and GAAP diluted EPS of $0.08, compared to Adjusted EBITDA was $244 million or 37% of total revenue, compared to $170 million or 31% of total revenue for the same period last year. Average monthly active users (MAUs) were 336 million for the quarter, an increase of 3% year-over-year and an increase of 6 million compared to 330 million in the previous quarter. MAU continued to be negatively impacted by changes made to Safari’s third-party app integration, which affected approximately 1 million MAUs in Q1, and by Twitter's ongoing information quality efforts. Average US MAUs were 69 million for Q1, compared to 69 million in the year ago period and compared to 68 million in the previous quarter. Average international MAUs were 267 million for Q1, compared to 257 ...
Wednesday, 25 April 2018
Twitter reports $61 million profit in Q1 2018, has 336 million monthly active users
Twitter has revealed financial results for Q1 2018. The company has generated a total revenue of $665 million, an increase of 21% year-over-year, or an increase of 27% year-over-year when excluding the approximately $23 million of revenue in Q1’17 from fully-deprecated TellApart product. The company has reported the quarterly GAAP net income at $61 million, compared to a net loss of $62 million in the previous year, with a GAAP net margin of 9% and GAAP diluted EPS of $0.08, compared to Adjusted EBITDA was $244 million or 37% of total revenue, compared to $170 million or 31% of total revenue for the same period last year. Average monthly active users (MAUs) were 336 million for the quarter, an increase of 3% year-over-year and an increase of 6 million compared to 330 million in the previous quarter. MAU continued to be negatively impacted by changes made to Safari’s third-party app integration, which affected approximately 1 million MAUs in Q1, and by Twitter's ongoing information quality efforts. Average US MAUs were 69 million for Q1, compared to 69 million in the year ago period and compared to 68 million in the previous quarter. Average international MAUs were 267 million for Q1, compared to 257 ...
