Twitter announces its first quarterly profit
Twitter has reported its first quarterly profit in its latest financial results, but continues to struggle to entice new long-term users.
The social media site reported net income of $91m (£65m), compared with a loss of more than $167m (£119m) during the same period last year.
The company also announced record quarterly revenue and an increase in daily users - but total monthly active users failed to grow, staying at around 330 million.
Total revenue for the quarter was $732m (£523m) - a 2% increase on the same period last year.
Twitter co-founder and chief executive Jack Dorsey said: "Q4 was a strong finish to the year.
"We returned to revenue growth, achieved our goal of GAAP profitability, increased our shipping cadence, and reached five consecutive quarters of double-digit DAU (daily active user) growth.
"I'm proud of the steady progress we made in 2017, and confident in our path ahead."
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The number of people using Twitter every day rose by 12%. However, questions remain over its ability to entice new long-term users to the platform. Despite a 4% increase in monthly active users over the year, the company saw no increase in the last three months.