Twitter Inc. on Thursday reported strong profits and revenues in the fourth quarter of 2017, exceeding analysts’ forecasts.
The social media platform logged $91.07 million in profits between October and December 2017 against $167.05 million in losses in the year-ago period.
Twitter’s earnings per share (EPS) excluding non-recurring items reached $0.19 per share in Q4-17 versus losses per share (LPS) of $0.11 in the same period of 2016.
Twitter’s revenues also grew to $731.6 million from $717.2 million in the three months ended 31 December 2016. The data was higher than analysts’ projections of $686.1 million in revenues in Q4-17.
For the full-year 2017, the 280-character per post platform logged $2.4 billion in revenues, down from $2.5 billion in 2016.