Twitter is *finally* profitable for the first time ever

The company reported fourth quarter earnings of $91 million, or 12 cents a share, on revenue of $732 million, up 2 percent from a yar ago.

"It is a choice between investment and driving profit", Dorsey said at Twitter's worldwide headquarters in Dublin, rounded up in a piece by Silicon Republic.

The news sent the price of Twitter shares surging 26% in pre-market trading in NY.

The tally of users is closely watched by investors as a sign of future ad sales potential.

The company attributes the U.S. user loss to "seasonality" and a change to the Safari web browser impacting its third-party app intergrations. CEO Jack Dorsey had pledged that the company will continue to crack down on automated accounts and otherwise "poor-quality usage".

Twitter managed to grow its ad revenue in the quarter, slightly, by 1% to $644m.

The company still has to show it can sustain growth and compete with the top digital ad platforms, but the market seems to be buying the Twitter comeback story, with shares up more than 20% after the earnings disclosure - pushing Twitter's market cap back above Snap's.

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Twitter has struggled to raise its stock price above 2015 levels in the face of claims it didn't take adequate steps to combat harassment on the platform and stagnant active user counts. In the fourth quarter that number has held steady, with a million-user fall in US users cancelling out the commensurate increase internationally. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company's stock valued at $872,704,000 after buying an additional 2,838,459 shares during the last quarter.

Twitter said its full year 2017 revenue slid 3% to $2.443 billion.

Worldwide markets, however, grew 7% to $1.03bn, accounting for a 42% share of Twitter's revenues.

Twitter has been actively attempting to turn themselves around for a while now, but that is not just in terms of finally getting to GAAP profitability as they did last quarter. The company also reported that it live streamed more than 1,140 events during the fourth quarter of 2017 with 60 percent of the views coming from a global audience, according to ZDnet.

At almost 12 years old, and after four years as a public company, Twitter has finally had a profitable quarter.

As for the outlook, Twitter said it expected adjusted EBITDA of $185 million and $205 million. Twitter revealed it had 330 million monthly active users in the final quarter of past year. The only reason overall user growth has continued is because it remains slow but steady internationally. Both revenue and adjusted earnings per share for the fourth quarter beat analysts' estimates.

Last month, the social network suspended 3,814 accounts linked to Kremlin-backed troll farms and notified 1.4 million Americans who it believed had interacted with Russian-sponsored propaganda.

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