Twitter reports $61 million profit in Q1 2018, has 336 million monthly active users


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Twitter has revealed financial results for Q1 2018. The company has generated a total revenue of $665 million, an increase of 21% year-over-year, or an increase of 27% year-over-year when excluding the approximately $23 million of revenue in Q1’17 from fully-deprecated TellApart product. The company has reported the quarterly GAAP net income at $61 million, compared to a net loss of $62 million in
the previous year, with a GAAP net margin of 9% and GAAP diluted EPS of $0.08, compared to 

Adjusted EBITDA was $244 million or 37% of total revenue, compared to $170 million or 31% of total revenue for the same period last year.

Average monthly active users (MAUs) were 336 million for the quarter, an increase of 3% year-over-year and an increase of 6 million compared to 330 million in the previous quarter.

  • MAU continued to be negatively impacted by changes made to Safari’s third-party app integration, which affected approximately 1 million MAUs in Q1, and by Twitter’s ongoing information quality efforts.
  • Average US MAUs were 69 million for Q1, compared to 69 million in the year ago period and compared to 68 million in the previous quarter.
  • Average international MAUs were 267 million for Q1, compared to 257 million in the year ago period and compared to 262 million in the previous quarter

Average daily active users (DAU) grew 10% year-over-year, marking another quarter of double-digit growth.

Twitter saw growth across all regions with particular strength in the Asia-Pacific region. Japan continued to be our second largest revenue market, increasing 61% year-over-year and contributing $117 million, or 18% of total revenue in Q1.

Total advertising revenue was $575 million, an increase of 21% year-over-year. By region, US advertising revenue totaled $288 million and
international ad revenue totaled $287 million. International ad revenue
increased 52%, led by strength in the Asia-Pacific region.

Source 1, 2

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Author: Srivatsan Sridhar

Srivatsan Sridhar is a Mobile Technology Enthusiast who is passionate about Mobile phones and Mobile apps. He is currently using the Motorola Moto G4 Plus. You can follow him on Twitter @ssrivatsan and on Google+