Twitter stops bleeding money
After 12 years of operations, Twitter finally posted its first profit.
The social microblogging platform delivered net income of US$91mn in the last quarter of 2017, compared to US$167mn in losses in 4Q16.
Twitter reported Q4 revenues of US$732mn, up 2% year-over-year, although it failed to increase the number of its monthly average users (MAU) in a sequential basis, which stood at 330mn, including 262mn outside the US.
Full-year revenue was US$2.4bn, a decrease of 3%, while its net loss narrowed to US$108mn.
"Q4 was a strong finish to the year. We returned to revenue growth, achieved our goal of GAAP profitability, increased our shipping cadence, and reached five consecutive quarters of double digit DAU growth. I'm proud of the steady progress we made in 2017, and confident in our path ahead," CEO Jack Dorsey said in the earnings release.
In a conference call with analysts, CFO Ned Segal said the company was flat in the US and grew in every other region, with particular growth in Japan and in Asia Pacific. There were no specifics on Latin America.
"If you flip over and look at audience and engagement, in 5 of our 10 largest markets we grew double-digits and that demonstrates the breadth of the ongoing improvement in audience and engagement. Things like Twitter Lite, it's still early days growing off of a small base, but that helps us in emerging markets."
Brazil and Mexico are usually within the top 10 or, depending on the metrics, top five countries per number of users in Twitter.
Full Twitter results can be seen here.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: ICT (Mexico)
MercadoLibre posts record results in 2023; net profit more than doubles in strong year-end
Sales in 2023 increased 37.4% year-on-year and reached a record U$14.5bn, while the growth rate accelerated to 42.0% year-on-year in the latest qua...
From Petrobras to Ecuador: What Nvidia has in the cards for Latin America
Márcio Aguiar, head of enterprise for Nvidia in Latin America, talks about the company’s results, the AI boom, Petrobras’ supercomputers, new deals...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: ICT (Mexico)
Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: KIO MTY 2 Data Center
- Current stage:
- Updated:
1 week ago
- Project: AWS Data Center Region in Querétaro
- Current stage:
- Updated:
4 weeks ago
- Project: Google Cloud Region in Mexico
- Current stage:
- Updated:
1 month ago
- Project: QR02 Data Center
- Current stage:
- Updated:
1 month ago
- Project: Odata data center in Querétaro (DC QR01)
- Current stage:
- Updated:
1 month ago
- Project: QR03 Data Center
- Current stage:
- Updated:
2 months ago
- Project: Falcon de Layer 9 Data Centers
- Current stage:
- Updated:
1 month ago
- Project: MX3 Data Center (Mexico City 3x-1)
- Current stage:
- Updated:
2 months ago
- Project: Datacenter in Cancun
- Current stage:
- Updated:
2 months ago
- Project: MX2 Data Center (Phase 3)
- Current stage:
- Updated:
2 months ago
Other companies in: ICT (Mexico)
Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Megacable Holdings S.A.B. de C.V.  (Megacable)
-
Megacable is a Mexican telecommunications company dedicated to the installation, operation, maintenance and exploitation of cable television signal distribution systems, interne...
- Company: Letseb, S.A. de C.V.  (Bestel)
-
Bestel is a telecommunications provider owned by Mexican telecom group Empresas Cablevisión, S.A.B. de C.V. (Izzi). It is made up of Letseb S.A. de CV. and its subsidiaries, Ope...
- Company: Telecomunicaciones de México S.A. de C.V. (Telecomm)
-
Telecomunicaciones de México S.A. de C.V. (Telecomm) is a Mexican state-owned rural telecom company. In 2014 the Mexican government transferred the license to install, operate a...
- Company: Eutelsat Americas
-
Eutelsat Americas (formerly Satmex) is a Mexican company that offers fixed satellite services to local and international broadcasting and telecom firms throughout the Americas, ...
- Company: MCM Telecom
- Company: Equipos y Construcciones Jasan S.A. de C.V.  (Jasan Generadores)
-
Jasan Generadores is a Mexican company specializing in the rental of electric generators and lighting towers. Founded in 2008, the company helps its clients to generate electric...