Twitter shared its first quarterly earnings today for its 2018 fiscal year, which saw revenue of $655 million USD with profit of $61 million, its second straight profitable quarter, beating analyst estimates.
The company saw monthly active users hit 336 million, growth of 6% year over year, while daily active users increased by 10% compared to the year ago quarter.
Image via Recode
Twitter said advertising revenue is growing as companies are now spending more on digital compared to television.
As for Canadian data, Twitter said Q1 live streaming partnerships with top media brands such as CBC, CTV, VICE, Sportsnet and Maclean’s.
When it came to the Winter Olympics in PyeongChang, this “was a massive topic on Twitter for Canadians with 5.8 Billion Canadian impressions from Olympic Tweets,” according to the company. Twitter Canada tells us Canadian Tweet volume during #PyeongChang2018 was 11% higher than tweet volume during the 2016 Rio Summer Games.
The sprint of 2018 also celebrates Twitter’s fifth anniversary of operating in Canada as a market.