It was only at the end of 2017 that Twitter became profitable for the first time, since it went public. The company just announced a profit of $61 million for the first quarter of the year, a great new year coming up.
This quarter is the second consecutive and profitable one for Twitter, who just announced its results for the first three months of the year : $61 million profit, a 21% increase when compared with last year’s and the equivalent of its lost for 2017’s Q1. Twitter announced $655 million in ad revenus, half of which comes from videos.
Twitter seems to be on a profit streak. The fourth and last quarter of 2017 was the first profitable one for the company and it seems that Twitter is going for a great 2018 year. On Wednesday, after the publication of the latest results, Twitter shares jumped as much as 12% in premarket trading, before settling around +3%.
Twitter now has 336 million monthly active users, 6 million more than last 2017 quarter and even more than at the end of 2017’s Q1, where there were 327 million of them. To appeal new users, Twitter put some new features in place, such as longer tweets, threadings and highlighting content around events like sport games. In the US, there were and still are 69 millions monthly users, same number as last year, meaning that the new users come from other, international, markets.
But the new European GDRP regulation, starting next month, might put an end to Twitter’s growing spree. In a letter sent on Wednesday to the company’s shareholders, Twitter explained that it might be “negatively impacted” by the new law. Yet, the website’s CFO, Ned Segal, told the press it was still “too early to predict the impact that regulation is going to have on the business.”