![Brazil and Mexico Brazil and Mexico](https://cdn-www.bnamericas.com/img/flags/ALL.jpg)
Twitter stops bleeding money
![Twitter stops bleeding money](https://cdnimg.bnamericas.com/LkYbjsDHyyIIiFqFmaXpEUVyRPdwmYXnnMhmCuthLDhImEZmsfJEzSNnTBUOVUOj.jpg)
After 12 years of operations, Twitter finally posted its first profit.
The social microblogging platform delivered net income of US$91mn in the last quarter of 2017, compared to US$167mn in losses in 4Q16.
Twitter reported Q4 revenues of US$732mn, up 2% year-over-year, although it failed to increase the number of its monthly average users (MAU) in a sequential basis, which stood at 330mn, including 262mn outside the US.
Full-year revenue was US$2.4bn, a decrease of 3%, while its net loss narrowed to US$108mn.
"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 growth. I'm proud of the steady progress we made in 2017, and confident in our path ahead," CEO Jack Dorsey said in the earnings release.
In a conference call with analysts, CFO Ned Segal said the company was flat in the US and grew in every other region, with particular growth in Japan and in Asia Pacific. There were no specifics on Latin America.
"If you flip over and look at audience and engagement, in 5 of our 10 largest markets we grew double-digits and that demonstrates the breadth of the ongoing improvement in audience and engagement. Things like Twitter Lite, it's still early days growing off of a small base, but that helps us in emerging markets."
Brazil and Mexico are usually within the top 10 or, depending on the metrics, top five countries per number of users in Twitter.
Full Twitter results can be seen here.
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News in: ICT (Brazil)
![Roundup: Unico Mexico acquisition, Deloitte startup push, Colombia deals, and more](https://cdn-www.bnamericas.com/img/sectors/ict_2.jpg)
Roundup: Unico Mexico acquisition, Deloitte startup push, Colombia deals, and more
BNamericas presents a roundup of sector news.
![QMC stepping up LatAm investments to benefit from 5G](https://cdn-www.bnamericas.com/img/sectors/ict_1.jpg)
QMC stepping up LatAm investments to benefit from 5G
The wireless digital infrastructure operator estimates investments of US$60mn this year.
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Other projects in: ICT (Brazil)
Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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2 months ago
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4 months ago
- Project: Sumaré Data Center Expansion 4
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4 months ago
- Project: Sumaré Data Center Expansion 3
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4 months ago
- Project: Digital infovia in Mato Grosso do Sul
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4 months ago
- Project: V.OA Data Center
- Current stage:
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4 months ago
Other companies in: ICT (Brazil)
Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Algar Telecom S.A.  (Algar Telecom)
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Algar Telecom S.A., the telecom division of Brazilian group Algar, offers voice, data and internet communications; IT services; landline and mobile telephony, broadband internet...
- Company: Dedalus Prime Sistemas e Servicos de Informatica Ltda.  (Dedalus Prime)
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Dedalus Prime (Dedalus) is a pioneer as a cloud services provider in Brazil, located in São Paulo; offering consultancy, strategic and migration analysis, and managed services i...
- Company: Tim S.A.  (TIM Brasil)
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TIM S.A. is a Brazilian telecommunication provider offering mobile and fixed telephony services, access to the Internet via modems, tablets, and mobile phones (3G and 4G), as we...
- Company: Embratel Star One
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Embratel Star One, named Star One until 2014, is a wholly-owned Brazilian subsidiary of the telecom firm Claro in operations since 2010 and headquartered in Rio de Janeiro. Embr...
- Company: Brasil Digital Telecomunicações Ltda.  (BR.Digital)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Santa Paulina Engenharia Ltda.  (Santa Paulina Engenharia)
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The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
- Company: V.tal Rede Neutra de Telecomunicações S.A.  (V.tal)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Brisanet Telecomunicações S.A.  (Brisanet)
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The description included in this profile was taken directly from an official source and has not been modified or edited by BNamericas’ content team. However, it may have been au...