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Despite its declining user base, Twitter smashes 4Q18 revenue expectations

February 08, 2019 / Caitlin Stanway-Williams

Twitter has reported 4Q18 revenues of $909m, up from 24% a year ago, smashing analyst's predictions of a revenue of $859.5m during the period. The social media colossus also reported diluted earnings per share of $0.33, up from the predicted $0.25, and a net income of $244m. It also announced that its 2018 revenue exceeded $3bn, a year-over-year increase of 25%. The company put its financial success down to "consistent strategy and solid execution", as well as its ability to demonstrate its value proposition for advertisers as "the best place to launch something new or connect with what's happening". "2018 is proof that our long-term strategy is working," remarked Twitter CEO Jack Dorsey. "Our efforts to improve health have delivered important results, and new product features like a single switch to move between latest and most relevant Tweets have been embraced by the people who use Twitter. "We enter this year confident that we will co...