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Twitter soars on the news of super revenue growth

09 February 18 - RE+D Magazine
Twitter soars on the news of super revenue growth

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Twitter shares jumped more than 20% after the social media company reported a net profit for the first time and returned to revenue growth.

 

The company said during its earnings report in October that if it hit the high end of its estimates of $220 million to $240 million in adjusted earnings before interest, taxes, depreciation and amortization in the fourth quarter, it could be profitable under generally accepted accounting principles.

According to CNBC, the company's adjusted EBITDA for Q4 was $308 million, ahead of the estimated $241 million analysts were predicting. GAAP net income was $91 million, while non-GAAP net income was $141 million.

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