Twitter: 'strong finish to the year' fails to convince

(CercleFinance.com) - Twitter said it had a "strong finish to the year," posting fourth-quarter revenue that is up 24% year-on-year, although the social media group's performance apparently failed to convince investors.


Revenue totaled 909 million dollars in the last three months of the year, with advertising revenue reaching 791 million dollars, up 23% year-on-year.

The San Francisco-based company remained profitable over the quarter, saying that its net income rose to 255 million dollars, compared to 91 million dollars in the same period of the previous year.

However, average monthly active users (MAU) fell to 321 million in the fourth quarter, compared to 330 million in the same period of 2017.

Twitter also said that cash operating expenses are rise expected to rise by approximately 20% in 2019, with the group now prioritising health, conversation, revenue product and sales.

The shares were down over 7% in pre-market trading after the report was published.

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