Twitter reported its second straight profitable quarter — and the second profitable quarter in company history — early Wednesday morning when the company shared first quarter earnings, which were better than expected.
Twitter reported profits of 16 cents per share on revenue of $665 million for the quarter, including a profit of $61 million. In Q4, Twitter made $91 million, and its stock soared even though it failed to grow revenue year-over-year, and didn’t add any new users.
That’s not the case this time around. Twitter also added 6 million new users, more than the 5 million projected, and revenue growth was 21 percent year-over-year.