Twitter continues profitability march despite shedding millions of users

Twitter continues profitability march despite shedding millions of users

Twitter enjoyed profitability all year for the first time despite user numbers continuing to shrink on the social networking website.

The micro-blogging app saw monthly active users, a key metric for measuring how many people are using the site, fall by 9 million in the final three months of 2018.

The Jack Dorsey-founded website reported revenue growth of 24pc on Thursday, up to $909m (£703m) in the three months ending in December. Full year revenues for 2018 exceeded $3bn.

It also recorded another quarter of profits with adjusted earnings before interest, taxes and amortisation of $397m.

Twitter has managed to shore up its income by boosting advertising through improved video advert sales, which…

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