Twitter posts second consecutive profit and adds 6 million users

In this photo illustration, The Twitter logo is displayed on a mobile device as the company announced it's initial public offering and debut on the New York Stock Exchange on November 7, 2013 in London, England. Twitter went public on the NYSE opening at USD 26 per share, valuing the company's worth at an estimated USD 18 billion

Twitter posted its second consecutive quarterly revenue because it added extra customers and reaped the good thing about streaming video. 

The San Francisco-based social-media community beat analysts’ expectations of a small loss with a revenue of $61m (£44m) within the first three months of this yr.

In the identical interval a yr earlier, Twitter made a lack of $61.6m. It made its first revenue within the fourth-quarter of 2017 after 12 years of losses.

First-quarter income rose 21% to $664.9m (£476m), beating analysts’ expectations, and advert income additionally soared 21% to $575m (£412m), the corporate stated.

It added six million customers within the first quarter, taking its lively person base to 336 million. A lot of the new customers got here from outdoors of the US.

Regardless of high-profile customers just like the US President Donald Trump, Twitter has struggled to draw individuals.

It nonetheless lags behind Fb and Google’s YouTube for customers, but it surely has been engaged on making an attempt to have interaction them with extra video and sports activities highlights.

On the identical time, it has been tackling hate speech, pretend information and abusive behaviour on its community.

“We have begun sharing curated timelines of Tweets round breaking information occasions,” the corporate stated.

“Video stays an essential part of the expertise on Twitter, permitting individuals to put up related dwell broadcasts or video clips.

“Our skill to detect malicious automation, spam, and faux accounts additionally improved considerably.

“Our methods proceed to determine and problem thousands and thousands of suspicious accounts globally per week on account of our sustained investments in bettering info high quality on Twitter.”

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