Q1 2018: Twitter now has 336m monthly active users

A picture of Twitter's official Twitter account, complete with verified checkmark.

No this isn’t a dream. Twitter gained a significant wad of monthly active users for the first time in a year.

Publishing its earnings report on Wednesday, the social network announced that 6-million more users joined the platform in Q1 2018.

As of the beginning of 2018, its total monthly active user pool now stands at 336-million — 267-million internationally, and 69-million within the US’s borders.

Daily active users also grew by 10% year-over-year, but marked the slowest growth rate since Q3 2016.

Talking money, the firm predicts that 2018 will be a profitable year. And it started off on the right foot.

It enjoyed quarterly revenue of US$655-million, an increase of 21% year-on-year, beating estimates by some US$50-million, and stood out as it’s second most profitable quarter ever.

It’s also the second money-making quarter recorded on the bounce, after Q4 2017’s balance sheets ended in the green.

It’s biggest cash cow is advertising, specifically video advertising. Ad revenue jumped by US$101-million within the quarter over Q4 2017, with ad engagements up by 69% year-over-year.

Absorb the company’s investor letter for Q1 2018 here.

Feature image: Twitter

Andy Walker, former editor
More

News

Sign up to our newsletter to get the latest in digital insights. sign up

Welcome to Memeburn

Sign up to our newsletter to get the latest in digital insights.