Twitter has announced financial results for its fourth quarter and fiscal year 2018. 2018 revenue exceeded US$3 billion, an increase of 25% year-over-year. Q4 revenue totalled $909 million, an increase of 24% year-over-year.
Advertising revenue totalled $791 million, an increase of 23% year-over-year.
“2018 is proof that our long-term strategy is working. Our efforts to improve health have delivered important results, and new product features like a single switch to move between latest and most relevant Tweets have been embraced by the people who use Twitter,” said Jack Dorsey, Twitter’s CEO. “We enter this year confident that we will continue to deliver strong performance by focusing on making Twitter a healthier and more conversational service.”
The social media company reported monthly active users dropped to 321 million in the fourth quarter from 326 million in the third quarter.
Twitter said that it would no longer break out monthly active users after the first quarter of 2019.