It took him four years but he finally made it: Twitter has finally closed the first quarter in profit since the day of its listing (it was 2013) and Wall Street investors go into raptures by making a real buying spree.
After the rise of 6,6% with which the session ended yesterday, today Twitter shares rise as much as 26,6% a dollars 34,08 after hitting even a maximum of $33,85. It should be taken into consideration that the shares have grown by 12% since the beginning of the year and by more than 47% in the last year.
But let's get down to business. The San Francisco company closed the fourth quarter of 2017 with a profit of 91,1 million euros against a loss of 167,1 million in the same period of 2016. Despite the improvement, the 2017 financial year was still closed with a loss of 108 million dollars, a sharp decrease from that of 456,87 million in 2016.
Revenues are up too which in the last three months of last year recorded an annual growth of 2% to 732 million dollars, a figure that exceeds the expectations of analysts who expected 687 million.
The number of monthly active users also increased, reaching 330 million (+4%), slightly below the estimates of 333 million. On the other hand, daily active users increased by 12%.
I am proud of the steady progress made in 2017 and we are confident on the road ahead”. said the chief executive, Jack Dorsey. "THEThe fourth quarter was a great way to end the year. We returned to sales growth, achieved our profitability target, and achieved fifth consecutive quarter with double-digit growth in daily active users”, concluded the CEO of Twitter.
