Close
Date TimeFebruary 08, 2018
Voice
Twitter is finally in the black.
The company said Thursday it posted a modest $91 million profit in the final three months of 2017, marking the first time the company has had a profitable quarter since going public in 2013.
Twitter (TWTR) says it expects to be profitable for all of 2018 as well.
It's a hard won milestone for Twitter. The company has gone through multiple rounds of layoffs since cofounder Jack Dorsey returned as CEO in 2015. And it has cut beloved but pricey projects like Vine, a video sharing service.
Twitter also received a boost from a surprise rebound in its advertising business. The company posted sales of $732 million for the quarter, up 2% from the same period a year earlier, reversing a sales decline that has plagued the company in recent quarters.
In a letter to shareholders, Twitter chalked up the sales boost to "better-than-expected growth" in ad sales "across all major products and geographies."
The stock jumped more than 20% in pre-market trading Thursday following the earnings report.
The sales rebound and profitability milestone offer hope that Twitter's turnaround efforts are bearing fruit. Beyond cost cuts, Twitter has pushed for product tweaks to make the service more intuitive to new and existing users.
During the quarter, Twitter doubled the character limit of tweets for all users. While it received some backlash from longtime users, Dorsey called it a success on Wednesday.
"We're seeing a lot more retweets. We're seeing a lot more mentions," he said on a conference call with analysts Wednesday. "We do believe that it is minimizing some of the complexities and some of the confusion around Twitter in general."
Twitter also introduced an option to make it easier to thread tweets and launched Happening Now, a feature intended to highlight content around events like sports games.
Daniel Ives, an analyst with GBH Insights, called the earnings results "a breath of fresh air for investors that have patiently awaited for this turnaround story to manifest after years of pain."
However, Twitter continues to face significant challenges in that turnaround story.
Twitter's user growth remains stagnant. It had 330 million monthly active users for the quarter, effectively failing to grow its audience at all.
In fact, Twitter's audience in the U.S. declined slightly. It had 68 million users in the country in the fourth quarter, down from 69 million in the prior quarter.
On the conference call, Twitter executives stressed the social network's five consecutive quarters of daily user growth. But Twitter continues to declines to provide a hard number for its daily audience.
Last month, Twitter's COO Anthony Noto announced plans to leave the company to take over as CEO of a startup. Noto had previously served as Twitter's CFO and was arguably the most important executive at the company other than Dorsey.
Twitter has said Noto's responsibilities will be handled by various members of its leadership team. Dorsey continues to be a part-time CEO, running both Twitter and Square (SQ).

George W. Bush: It’s Pretty Clear That Russia Meddled In 2016 Election
Ending NAFTA Would Be Bad Politics And Bad For Americans: Trudeau
Here's what's next for SpaceX after Falcon Heavy's first flight
Nancy Pelosi tells US House immigrant stories for eight hours
South Korea's President Moon to meet Kim Jong Un's sister at Olympics
Russia to launch military satellite in WEEKS as Putin sends missiles to Baltic Sea
Kylie Jenner's Baby Stormi photo becomes the most liked photo on Instagram, surpassing Beyonce
Microsoft targets Box, Dropbox and Google customers with OneDrive offer
TV Ratings: 'This Is Us' Sees Minor Super Bowl Lift
First modern Britons had 'dark to black' skin, Cheddar Man DNA analysis reveals
100-million-year-old spider with a tail longer than its body discovered - and it may still be alive
Eiffel Tower closed as heavy snowfall blankets Paris
Snapchat overhaul convinces investors it can fight Instagram
Watch James Corden Show 'Fifty Shades' Star Jamie Dornan His "Playroom"
Trump: ‘I’d Love To See A Shutdown’ If Congress Doesn’t Agree On Immigration
SpaceX successfully launches world's most powerful rocket
Kylie Jenner reveals her baby's name
UK snow: Britain braced for coldest night in SIX YEARS with big freeze to last until MARCH
John Kelly warns Trump won't intervene in DACA deadline
2 killed, more than 140 injured after 6.4 magnitude earthquake strikes Taiwan's coast
Margot Robbie Reveals Why Tonya Harding Was the Perfect Golden Globes Date
SpaceX's Falcon Heavy: The countdown is on
Trump to call for closing immigration 'loopholes' to fight MS-13
Washington sends message to North Korea as Pence heads to Winter Olympics
Major Jacob Zuma speech postponed as departure looms
Bitcoin falls; half its value lost in 2018
Watch the SpaceX Falcon Heavy Rocket Launch Today
Oscars: 100-Plus Nominees Gather for Lunch and Class Photo
FTSE 100 LIVE update: FTSE down 250 points after Dow Jones and Nikkei plunge overnight
It’s my RIGHT to stay silent in court, claims terror suspect Salah Abdeslam
Amazon second headquarters: Some see a clue in Amazon's Alexa Super Bowl ad
Late-Night Hosts Tackle Philadelphia's Super Bowl Victory Reaction
Elon Musk: Falcon Heavy will be a 'great rocket launch or the best fireworks display'
Pirates release crew of oil tanker hijacked off West Africa
‘Lady Doritos’: a solution to a problem that doesn’t exist
Theresa May rebukes Donald Trump over NHS comments
‘Social bomb ready to explode’ Berlusconi pledges to deport 600,000 illegal immigrants
Lifetime Casts Its Prince Harry, Meghan Markle for TV Movie
The Dow has lost 1,000 points in two days
Broadcom Raises Qualcomm Hostile Bid to About $121 Billion
'Fire and Fury' author cut off by 'Morning Joe' host after he denies spreading rumor of an affair by U.N. envoy
Jimmy Fallon Takes On Donald Trump With Bob Dylan Impersonation
Netflix to stream 'The Cloverfield Paradox' after the Super Bowl
Germany agrees to compensate Holocaust survivors from Algeria
Super Bowl: Kevin Hart Makes Surprise Appearance on NFL Network After Eagles Win
'Next stop MARS' Green light for Elon Musk's SpaceX Falcon Heavy hyperbolic orbit launch
Lloyds Bank to ban credit card owners from buying cryptocurrencies
Super Bowl: Trump Tweets Support for Eagles' Win
Justin Timberlake Is The New Face Of Dad-Pop
Eagles fans pack downtown Philly to celebrate win
Nunes memo 'a political hit job on FBI' in service of Trump, top Democrat says
Have ALIENS buzzed the Superbowl? UFO seen in sky over U.S. Bank Stadium, Minneapolis
Russia launches HUGE offensive after Syrian rebels shoot down fighter jet and KILL pilot
France: French, Turkish leaders discuss Syria 'road map'
After An NFL Season Defined By Black Protest, The Super Bowl Sticks To Sports
A Reflection On This Week’s Headlines, On World Cancer Day
Pat Robertson is recovering after suffering a stroke
2 dead, 70 injured as Amtrak train collides with freight train in South Carolina
Russian plane shot down in Syria
Jennifer Lopez poses up a storm in Guess campaign
Super Bowl 2018: Fans laying down $1 million bets in favor of Philadelphia Eagles
North Korea uses embassy in Berlin to secretly shop for weapons program, German intel chief claims
'SNL': Natalie Portman One-Ups Her 2006 Viral Rap in Second Hosting Gig
Uma Thurman Says Harvey Weinstein Assaulted Her
BREAKING: Russian fighter jet 'SHOT DOWN by rebels in Sarqeb', pilot reported DEAD
Turkey denies report border guards shot at fleeing Syrians
Turkish border guards are shooting at Syrian refugees, rights group says
Driver opens fire on African migrants in Italian city of Macerata
Egyptian archaeologists discover 4,400-year-old tomb near Cairo
US says Russia 'developing' undersea nuclear-armed torpedo
Bernie Sanders is showing how he'd run against Trump in 2020
Mystery SOLVED: Lasers uncover Maya mega city lost for 1,500 years
Arrests fail to stop Iranian women from raising hijabs in protest
The real shock of the Nunes memo
In Natalie Wood case, we should stay away from Hollywood theories
'Nunes memo' published after Trump declassifies controversial document
James Corden, Stephen Colbert Debunk Trump's State of the Union Ratings Claim
Father lunges at Nassar in court before being restrained
Groundhog Day 2018: Punxsutawney Phil sees his shadow, 6 more weeks of winter
US Added 200000 Jobs in January; Wages Rise Most Since 2009
Trump Accuses His Justice Department, FBI Of Favoring Democrats
Devin Nunes is acting like he's in a spy thriller
Robert Wagner named 'person of interest' in Natalie Wood death investigation
Bitcoin price WARNING: ‘Will hit $50,000’ but end ‘really BADLY’ for investors says expert
Meghan Markle and Prince Harry suit up for first black tie engagement together
Trump to Democrats: Stop dragging your feet on DACA
Smoking Driver Hits Crowd In Shanghai After Accidentally Igniting Van
Hundreds of workers trapped in South African gold mine
4 students hit by gunfire at Los Angeles school; 12-year-old girl in custody
Frankfurt Airport bus crash - 13 Ryanair passengers injured in collision
'Huge explosion' in Ankara - smoke rises above Turkey capital
Laura Benanti's Melania Trump Responds to State Of the Union Address
Apple: All iPhones, iPads and Macs affected by chip flaws
West Ham suspend director of player recruitment Tony Henry amid racism claim
May in China LIVE: Brexit trade boost as its revealed Chinese nickname PM 'AUNTIE'
Tesla's Musk sells $10 million in flamethrowers in four days
Hope Hicks Told President That Trump Jr.‘s Emails ‘Will Never Get Out’: Report
Dorian Awards: 'Call Me by Your Name' Hailed as Film of the Year
Tomi Lahren Apologizes to Congressman for Vulgar Remarks
US missile defense test failed in Hawaii
Night photos that make Tokyo look like a sci-fi utopia
President Trump opts out of Super Bowl interview
Former NBA player Rasual Butler, 'American Idol' star killed in car crash
Michelle Obama finally reveals what Melania Trump gave her during awkward gift exchange
Chrissy Teigen Got on Her Knees and Called Beyonce a Queen at the Grammys
Train Carrying GOP Members Of Congress Collides With Truck
Equifax will offer free credit protection deal for five more months
Mesut Ozil: Real reason Arsenal star has agreed new contract revealed by reporter
One dead as strong earthquake rattles Afghanistan, Pakistan
Ivanka Trump wears £2520 tweed dress to State of the Union - it almost SELLS out across UK
The speech in 2 minutes
Redskins' trade for Alex Smith comes at significant cost
On China visit, Britain's May focused on post-Brexit future
Trump's State of the Union spoke to America's innovative, entrepreneurial spirit. Carpe diem, everyone
Stormy Daniels Joins Jimmy Kimmel for Post-'State of the Union' Guest Appearance
Cyrus Yavneh, Producer on '24,' 'Supernatural' and 'It's Pat: The Movie,' Dies at 76
The first lady's cream suit, kente cloth and purple ribbons: What the SOTU fashion choices meant
Kevin Towers, who guided the San Diego Padres to the World Series, dies at 56
Glee actor Mark Salling found dead aged 35
James Corden Fires Back at Critics of Hillary Clinton's Grammys Appearance
Andrea Tantaros Claims Female Fox News Employees Were Secretly Recorded Disrobing
Health experts urge Facebook to shut down Messenger Kids
Chris Christie Joining ABC News as a Contributor
Amazon, Berkshire, JPM team up for cheaper employee healthcare
More than 63 million women 'missing' in India, statistics show
What happened to the State of the Union address? Originally, it helped the president and Congress deliberate.
Rihanna Celebrates Grammy Win With Rumored Billionaire Boyfriend
US releases list of Russian oligarchs, political figures
Melania Trump, out of sight since Stormy Daniels reports, will attend State of the Union
Stephen Colbert Weighs In on Grammys' Political Night
Kim Jong Nam met with mystery American
David Beckham announces launch of Miami MLS team – here’s all you need to know
Elon Musk sells $3.5m worth of flamethrowers in a day
FBI No. 2 official McCabe steps down amid Trump criticism: source
Russian fighter jet buzzes US spy plane in Black Sea, Navy says
Hackers invade YouTube ads to mine cryptocurrency
Angelina Jolie describes 'soul-destroying' visit to Syrian refugee camp
Rosenstein approved surveillance extension of former Trump adviser Carter Page
U.S. memo urges big push on 5G wireless technology, eyes China threat
Strava fitness tracking app reveals movements on remote military bases
Penelope Cruz to Get Honorary Cesar Award
'Babylon Berlin' Takes Top Honors at German TV Awards
Grammys 2018: Janelle Monáe Addresses 'Time's Up' Movement In Empowering Speech
Grammys 2018 take on Trump, DACA and gender equality as Bruno Mars takes home Album of the Year
Grammys: Alessia Cara Wins Best New Artist
Nikki Haley wants politics out of her Grammy awards
Donald Trump hits back at Jay-Z over race record even as aides promise a more conciliatory tone in State of the Union address
Five dead in Pennsylvania shooting rampage
'Lady Macbeth' Director William Oldroyd Adapting 'Chimerica' for U.K.'s Channel 4
Putin critic arrested in nationwide protests
Iranian-American imprisoned in Iran given 4-day leave after hospitalization
Ikea founder Ingvar Kamprad dies aged 91
Trump says he would negotiate Brexit with 'tougher' attitude than Theresa May
Prince Harry's ex-girlfriend Cressida Bonas posts racy snap after Meghan Markle engagement
'SNL': Will Ferrell Reprises George W. Bush Impression in Cold Open
Facebook And Google’s Surveillance Capitalism Model Is In Trouble
Canada's Bombardier gets big win over Boeing
Space X to launch world's most powerful rocket
At least 5 police officers killed in Colombia bombing
Rolex 24 has coolness factor, Daytona charm and more
Paris on flooding high alert as swollen River Seine set to rise further 
Italy: 800 migrants rescued, 2 bodies found in Mediterranean
Sean Hannity's Twitter account is deactivated
Caroline Wozniacki wins Australian Open title after epic battle with Halep
Three teenagers dead after car crashes into west London bus stop
Saudi billionaire Prince Alwaleed released as corruption probe winds down
Russia's opposition leader: Putin regime 'built on corruption'
Taliban attacker driving ambulance packed with explosives kills 40 in Kabul
US preparing for WAR in SPACE with China or Russia says Trump Defence Secretary Jim Mattis
Acid attack epidemic: RECORD number of incidents in London last year, data reveals
'Salyut-7' Awarded Best Russian Movie at Golden Eagles Ceremony
Report: RNC Finance Chair Steve Wynn Accused Of Decades Of Sexual Misconduct
US official warns Hong Kong over North Korea smuggling
Davos: Bitcoin is not a currency
BREAKING: Amsterdam GUN ATTACK – At least one dead and two hurt in Netherlands shooting
Hillary Clinton Chose to Shield a Top Adviser Accused of Harassment in 2008
Paris is still on flood alert even though rain has stopped
Nikki Haley denies Trump affair rumors
India Republic Day 2018 in pictures: Massive military parade, motorbike stunts and camels
Nutella CRISIS: France descends into CHAOS with RIOTS after sale
You’ve got FOUR WEEKS! Brussels issues Brexit trade deadline to Theresa May
Roger Federer reaches seventh Australian Open final as Hyeon Chung retires
Tesla denies further Model 3 production issues
Casey Affleck withdraws from presenting best-actress award at Oscars
Trump wanted Mueller fired back in June, reports say
James Corden Says Grammys Will Include #MeToo Moment
Stormy Daniels Set to Appear on 'Jimmy Kimmel Live!'
White House proposes path to citizenship for 1.8 million people
Deadliest fire in 10 years kills 39 in South Korean hospital
The White House 'requested a Van Gogh, but got a golden toilet instead'
What is the Doomsday Clock? Why has the dreaded clock moved closer to midnight TODAY?
'We'll talk about it' Donald Trump reveals visit to Britain could still go ahead
First lady Melania Trump skips Davos, goes to Holocaust memorial in Washington
5.8 earthquake strikes off Northern California coast. No tsunami threat
Lisa Kudrow Recalls Not Recognizing Jane Fonda
Who is Virginia Woolf? Google Doodle honours English book author’s 136th birthday
Captain Cook statue VANDALISED: Protests mount ahead of Australia Day
Trump, in Davos, Hopes to Sell the Story of US Success
Oprah Shuts Down 2020 Presidential Run Rumors
Meryl Streep joins 'Big Little Lies' Season 2
Close