Twitter on Wednesday reported its second profitable quarter in a row as its first-quarter 2018 earnings beat Wall Street expectations.
Revenue hit $665 million (£477 million) in the first three months of 2018, a 21% increase on the same period last year. Monthly active users averaged 336 million for the quarter, an increase of 3% year-over-year.
The company’s net income was $61 million, marking its second month of profitability. It is a turnaround from the loss of $62 million in the first three months of 2017.
To read more about Twitter’s first quarter 2018 earnings, click here.
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