SAN FRANCISCO (CelebrityAccess) – Twitter today (Feb. 7) posted its fifth profitable quarter in a row.
The San Francisco-based social media giant’s fourth-quarter earnings beat analysts’ expectations coming in at 31 cents per share––that’s up six cents from the 25 cents per share projected during the same period last year.
Twitter also posted overall revenue up 24 percent to $909 million, which beat an analyst revenue forecast of $86.1 million, while ad sales, which comprise the bulk of Twitter’s overall revenue, total $791 million, up 23 percent.
While Twitter reported its average daily active users rose 9 percent to 126 million, its number of total monthly users (321 million for the quarter) was down from 330 million in the same period last year.
The company is currently forecasting increased operating expenditures during fiscal 2019, while Twitter stock was down $2.78, or 8 percent, at $31.28 before the market opened Thursday.