SAN FRANCISCO, Feb. 8 (Xinhua) -- Twitter has announced a record revenue of 732 million U.S. dollars in the last quarter of 2017, up 2 percent on a year-on-year basis.
The company said Thursday its quarterly net income under the generally acceptable accounting principles (GAAP) was 91 million dollars, representing a GAAP net margin of 12 percent, or 12 cents a share, on the revenue of 732 million dollars.
"Q4 was a strong finish to the year," Jack Dorsey, Twitter CEO and co-founder, said.
He said Twitter has achieved the goal of GAAP profitability and reached five consecutive quarters of double-digit growth in the number of daily active users.
The quarterly non-GAAP net income was 141 million dollars, or 19 cents per share, a nearly two-time increase of 78 million dollars in quarterly non-GAAP net income for the same period last year.
Twitter earned a total annual revenue of 2.4 billion dollars in 2017, down 3 percent year on year, according to the company's financial report.
The U.S. social media giant hoped its stock-based compensation expense would remain in the range of 350 million to 450 million dollars in fiscal year 2018, with capital expenditure between 375 million and 450 million dollars.
Launched in March 2006, Twitter had more than 319 million monthly active users by 2016.
