Twitter Inc. reported record quarterly revenue and its first full year of profitability Thursday, signs the company’s efforts to promote healthy discourse on the platform appear to be paying off, reports The Wall Street Journal.
The company also for the first time disclosed its number of daily users: 126 million, a figure Twitter said was up 1.6% from the previous quarter.
The figure makes it easier to compare Twitter with its social-media peers Facebook Inc. and Snap Inc., which have 1.52 billion and 186 million daily users, respectively. Twitter said it measures its number of daily users differently than other companies, because it counts only users who can view ads.
Revenue rose 24% to $908.8 million in the fourth quarter, typically the heaviest spending period for advertisers, up from $731.6 million a year earlier. Those results topped analysts’ projections of $867 million, according to FactSet.
Even so, Twitter’s stock slid 5.4% before the bell as investors homed in on the company’s declining numbers of monthly users and its revenue forecast for the current quarter.
Twitter said its number of monthly users, the metric it has released for years, fell 1.5% to 321 million from three months ago. Twitter has struggled for years with little to no momentum in building up its user base.
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