The company attributes the strong financial results — $732 million revenue in quarter four — to an expanding character limit -- now 280 characters, rather than the previous 140. Twitter also made it easier to thread a series of tweets together.
"Twitter's previous inability to turn a profit had confounded investors given the company's ubiquitous presence in the media and popularity among celebrities, athletes and politicians such as U.S. President Donald Trump," Reuters reported.
The good news is tempered by a loss of about 1 million monthly active users in the U.S. compared to last quarter. However, around the world Twitter has about 330 million monthly active users, an increase of 12 million compared to the last fiscal year.